What is Galaxy Digital (GLXY) doing with tokenised shares?

Galaxy Digital is allowing holders of its tokenised shares to participate in a shareholder vote on-chain. This will happen during its upcoming May vote. It marks one of the first real-world uses of tokenised equities beyond trading.

How does on-chain voting work for Galaxy (GLXY) shareholders?

Investors holding tokenised GLXY shares can vote directly through digital wallets using Broadridge’s platform. The system integrates ProxyVote tools into blockchain infrastructure. This removes the need for traditional intermediaries in shareholder voting.

Why is this on-chain vote significant for tokenised stocks?

Proxy voting is a core right of shareholders, and bringing it on-chain adds real utility to tokenised equities. It shows tokenised shares can offer more than just price exposure. This is a key step toward fully functional blockchain-based capital markets.

What role does Broadridge play in this system?

Broadridge provides the governance platform and integrates its ProxyVote system into blockchain wallets. It is running this infrastructure on an Avalanche-based network. This enables secure and scalable voting for tokenised shareholders.

What blockchain is being used for this voting system?

The system is built on an Avalanche-based layer-1 network developed by Broadridge. This allows fast and low-cost transactions. It also supports integration with traditional financial systems.

How could this impact traditional stock ownership?

If successful, on-chain voting could streamline shareholder participation and reduce administrative costs. It may also increase transparency and accessibility for investors. Over time, this could reshape how equity ownership works.

How are markets reacting to this development?

Shares of both Galaxy (GLXY) and Broadridge (BR) rose modestly following the announcement. This suggests positive investor sentiment toward tokenisation initiatives. However, the price impact has been relatively limited so far.

How does this fit into the broader tokenisation trend?

This move aligns with growing efforts by institutions to bring traditional assets on-chain. Nasdaq has already received approval to pilot tokenised stock trading. Crypto exchanges and asset managers are also expanding into tokenised products.

Galaxy tests on-chain voting for tokenised shares

Written by BloombergPublished Apr. 7 2026Last Updated Apr. 7 2026

Galaxy Digital will enable holders of its tokenised shares to participate in an upcoming shareholder vote on-chain, marking a key milestone for tokenised equities.

The voting will take place in May through Broadridge’s governance platform, which integrates its ProxyVote system into digital wallets using an Avalanche-based layer-1 network.

“We've long believed that tokenisation will reshape capital markets, and this is a meaningful step towards a tokenised equity market,”

Said Galaxy CEO Mike Novogratz.

The integration allows investors to submit votes and access shareholder materials directly through blockchain-based systems, expanding the utility of tokenised stocks.

“Ensuring accurate, scalable, and cost-effective governance has never been more critical to supporting the growth of tokenised equities,”

Said Broadridge CEO Tim Gokey.

The development follows broader momentum in tokenised finance, including Nasdaq’s approval to pilot tokenised stock trading and increased activity from crypto exchanges.

The move comes amid caution from regulators, with the IMF warning that rapid growth in tokenised finance could introduce new systemic risks despite its efficiency gains.