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Galaxy to Utilize Broadridge for On-Chain GLXY Shareholder Voting in May
On April 7, cryptocurrency group Galaxy announced it will become the first company to use Broadridge Financial Solutions’ expanded governance platform to manage its on-chain shares. Previously, Galaxy utilized Superstate’s platform for on-chain stock issuance, and it will now use Broadridge’s platform for its annual shareholder meeting and voting scheduled for May. Galaxy CEO Mike Novogratz stated, “We have always believed that tokenization will reshape capital markets, and this is an important step towards a tokenized equity market. Proxy voting is a core feature of equity ownership, and bringing proxy voting on-chain is no longer just theoretical for public companies.” Broadridge’s ProxyVote platform allows shareholders to view proxy materials and vote on company matters.