{"id":68792,"date":"2026-04-07T08:57:10","date_gmt":"2026-04-07T01:57:10","guid":{"rendered":"https:\/\/hbbgroup.net\/tokenized-stocks-take-next-step-with-first-on-chain-vote-for-galaxy-shareholders\/"},"modified":"2026-04-07T08:57:10","modified_gmt":"2026-04-07T01:57:10","slug":"tokenized-stocks-take-next-step-with-first-on-chain-vote-for-galaxy-shareholders","status":"publish","type":"post","link":"https:\/\/hbbgroup.net\/vi\/tokenized-stocks-take-next-step-with-first-on-chain-vote-for-galaxy-shareholders\/","title":{"rendered":"Tokenized Stocks Take Next Step With First On-Chain Vote for Galaxy Shareholders"},"content":{"rendered":"<div>\n<div>\n<h4 color=\"#333\">In brief<\/h4>\n<ul>\n<li>Broadridge is enabling on-chain shareholders to participate in proxy voting via its own Avalanche-based layer-1 network. <\/li>\n<li>The firm will first work with Galaxy Digital to allow on-chain holders of GLXY to participate in the firm&#8217;s May shareholder vote. <\/li>\n<li>Shares in both firms are up on Monday as the broader market rebounds. <\/li>\n<\/ul>\n<\/div>\n<p><span>Tokenized equities are getting a utility boost, soon enabling proxy voting in an annual shareholder vote for equity holders of Galaxy (GLXY).<\/span><\/p>\n<p><span>Holders of the tokenized version of GLXY will be able to participate in the vote in May via Broadridge\u2019s tokenized governance platform, built on top of the firm\u2019s own <\/span><a href=\"https:\/\/decrypt.co\/resources\/what-is-avalanche-network-avax-ava-labs\" target=\"_blank\"><span>Avalanche<\/span><\/a><span>-powered layer-1 network.\u00a0<\/span><\/p>\n<p><span>&#8220;We&#8217;ve long believed that tokenization will reshape capital markets, and this is a meaningful step towards a tokenized equity market,&#8221; said Galaxy CEO and founder Mike Novogratz, in a statement. \u201cProxy voting is a core feature of equity ownership, and bringing proxy voting on-chain for a public company is not theoretical anymore.\u201d<\/span><\/p>\n<div>\n<blockquote>\n<p lang=\"en\" dir=\"ltr\">Another Fortune 500 company is building on Avalanche.<a href=\"https:\/\/twitter.com\/Broadridge?ref_src=twsrc%5Etfw\" data-wpel-link=\"internal\">@Broadridge<\/a>, a fintech company that processes trillions from thousands of public companies, is bringing proxy voting onchain, powering shareholder governance globally. <a href=\"https:\/\/t.co\/dOTi7KYRTl\" data-wpel-link=\"internal\">pic.twitter.com\/dOTi7KYRTl<\/a><\/p>\n<p>\u2014 Avalanche\ud83d\udd3a (@avax) <a href=\"https:\/\/twitter.com\/avax\/status\/2041165394598371401?ref_src=twsrc%5Etfw\" data-wpel-link=\"internal\">April 6, 2026<\/a><\/p>\n<\/blockquote>\n<\/div>\n<p><span>Broadridge will integrate its ProxyVote platform into digital wallets, where investors can submit their votes as well as receive investor materials.\u00a0<\/span><\/p>\n<p><span>\u201cEnsuring accurate, scalable, and cost-effective governance has never been more critical to supporting the growth of tokenized equities,\u201d said Broadridge CEO Tim Gokey, in a statement.\u00a0<\/span><\/p>\n<p><span>Earlier this month, the Nasdaq <\/span><a href=\"https:\/\/decrypt.co\/361654\/nasdaq-wins-sec-approval-tokenized-securities-pilot-program\" target=\"_blank\"><span>received formal approval from the United States Securities and Exchange Commission<\/span><\/a><span> (SEC) to trade tokenized stocks in a pilot program. That comes shortly after major crypto firms\u2014including Coinbase, Kraken, and Binance\u2014have <\/span><a href=\"https:\/\/decrypt.co\/359008\/coinbase-kraken-binance-push-deeper-tokenization-capital-shifts\" target=\"_blank\"><span>fueled their own tokenization initiatives<\/span><\/a><span> aimed at connecting them to more structured and traditional financial products.\u00a0<\/span><\/p>\n<p><span>But the trend is not advancing without some caution. On Monday, the International Monetary Fund (IMF) warned in a new report that the growth of <\/span><a href=\"https:\/\/decrypt.co\/363379\/imf-warns-tokenized-finance-stablecoins-could-amplify-financial-crises\" target=\"_blank\"><span>tokenized finance could amplify a financial crisis<\/span><\/a><span>.<\/span><\/p>\n<p><span>Shares of Broadridge (BR) and Galaxy (GLXY) are up 0.8% and 1.79% respectively on the day, recently changing hands at $161.91 and $17.96<\/span><span>. Representatives for the firms did not immediately respond to <\/span><i><span>Decrypt\u2019s <\/span><\/i><span>request for comment.\u00a0<\/span><\/p>\n<div>\n<h3>Daily Debrief Newsletter<\/h3>\n<p>Start every day with the top news stories right now, plus original features, a podcast, videos and more.<\/p>\n<\/div>\n<\/div>","protected":false},"excerpt":{"rendered":"<p>In brief Broadridge is enabling on-chain shareholders to participate in proxy voting via its own Avalanche-based layer-1 network. The firm [&hellip;]<\/p>","protected":false},"author":5,"featured_media":68793,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[220],"tags":[],"class_list":["post-68792","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-tien-dien-tu"],"acf":[],"_links":{"self":[{"href":"https:\/\/hbbgroup.net\/vi\/wp-json\/wp\/v2\/posts\/68792","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/hbbgroup.net\/vi\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/hbbgroup.net\/vi\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/hbbgroup.net\/vi\/wp-json\/wp\/v2\/users\/5"}],"replies":[{"embeddable":true,"href":"https:\/\/hbbgroup.net\/vi\/wp-json\/wp\/v2\/comments?post=68792"}],"version-history":[{"count":0,"href":"https:\/\/hbbgroup.net\/vi\/wp-json\/wp\/v2\/posts\/68792\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/hbbgroup.net\/vi\/wp-json\/wp\/v2\/media\/68793"}],"wp:attachment":[{"href":"https:\/\/hbbgroup.net\/vi\/wp-json\/wp\/v2\/media?parent=68792"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hbbgroup.net\/vi\/wp-json\/wp\/v2\/categories?post=68792"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hbbgroup.net\/vi\/wp-json\/wp\/v2\/tags?post=68792"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}