Galaxy Enables First On-Chain Shareholder Voting via Broadridge Partnership

Galaxy Digital shareholders holding tokenized GLXY shares will participate in the company's May 2026 shareholder vote on-chain through a partnership with Broadridge, marking the first implementation of on-chain corporate governance for tokenized securities. Broadridge, a Fortune 500 fintech company processing trillions from thousands of public companies, built its tokenized governance platform on its own Avalanche-powered layer-1 network and will integrate its ProxyVote platform into digital wallets. The development follows Nasdaq's SEC approval for a tokenized stock trading pilot program in April 2026, as major exchanges like Coinbase, Kraken, and Binance pursue similar tokenization initiatives. Shares of Broadridge and Galaxy rose 0.8% and 1.79% respectively on April 6, 2026, though the IMF warned that day that tokenized finance growth could amplify financial crises.

Broadridge and Galaxy's On-Chain Voting Partnership

• ▪Broadridge will first work with Galaxy Digital to allow on-chain holders of GLXY to participate in Galaxy Digital's May shareholder vote
• ▪Holders of the tokenized version of GLXY will be able to participate in the vote in May via Broadridge's tokenized governance platform
• ▪Mike Novogratz is the CEO and founder of Galaxy
• ▪Broadridge is enabling on-chain shareholders to participate in proxy voting via Broadridge's own Avalanche-based layer-1 network
• ▪Broadridge will integrate Broadridge's ProxyVote platform into digital wallets where investors can submit their votes and receive investor materials
• ▪Broadridge's tokenized governance platform is built on top of Broadridge's own Avalanche-powered layer-1 network

Broader Tokenized Equity Market Developments

• ▪Broadridge is a fintech company that processes trillions from thousands of public companies
• ▪Coinbase, Kraken, and Binance have fueled their own tokenization initiatives aimed at connecting them to more structured and traditional financial products
• ▪Broadridge is a Fortune 500 company
• ▪Nasdaq received formal approval from the United States Securities and Exchange Commission to trade tokenized stocks in a pilot program earlier in April 2026

Market Performance and Regulatory Concerns

• ▪Broadridge shares were recently changing hands at $161.91 on April 6, 2026
• ▪Shares in Broadridge and Galaxy were up on April 6, 2026 as the broader market rebounded
• ▪Shares of Broadridge and Galaxy were up 0.8% and 1.79% respectively on April 6, 2026
• ▪The International Monetary Fund warned in a report on April 6, 2026 that the growth of tokenized finance could amplify a financial crisis

Perspective of Galaxy Digital

• ▪Galaxy Digital is the first company to implement on-chain corporate governance for tokenized securities
• ▪Galaxy Digital's partnership with Broadridge represents a milestone in integrating blockchain technology with traditional corporate governance

Perspective of Broadridge

• ▪Broadridge's Avalanche-powered layer-1 network provides the infrastructure for tokenized corporate governance
• ▪Broadridge is expanding its traditional proxy voting services into blockchain-based digital asset governance

Perspective of Cryptocurrency exchanges pursuing tokenization

• ▪Coinbase is pursuing tokenization initiatives aimed at connecting cryptocurrency platforms to traditional financial products