Tokenized equities are getting a utility boost, soon enabling proxy voting in an annual shareholder vote for equity holders of Galaxy (GLXY).
"We've long believed that tokenization will reshape capital markets, and this is a meaningful step towards a tokenized equity market," said Galaxy CEO and founder Mike Novogratz, in a statement. “Proxy voting is a core feature of equity ownership, and bringing proxy voting on-chain for a public company is not theoretical anymore.”
Broadridge will integrate its ProxyVote platform into digital wallets, where investors can submit their votes as well as receive investor materials.
“Ensuring accurate, scalable, and cost-effective governance has never been more critical to supporting the growth of tokenized equities,” said Broadridge CEO Tim Gokey, in a statement.
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. Representatives for the firms did not immediately respond to Decrypt’s request for comment.
