Galaxy Digital’s tokenized stock, GLXY, is about to take another step into on-chain finance through a new proxy voting pilot. Broadridge and Superstate will work with Galaxy to test shareholder votes recorded directly on a blockchain rather than only in traditional systems.
How GLXY Moved On-chain
Galaxy Digital partnered with Superstate in 2025 to let shareholders tokenize GLXY, its SEC-registered equity, on the Solana blockchain. The move marked the first time a public company listed its registered stock directly on a major public chain, rather than using wrapped tokens.
Each on-chain GLXY token represents one real share and keeps the same legal and economic rights as the traditional version. Investors pass KYC checks through Superstate and then “bridge” shares into an eligible on-chain account, where one token is minted for each share. They can also reverse the process and redeem tokens back into regular GLXY stock.
Broadridge announced in April 2026 that it had extended its governance platform to support tokenized equities, including on-chain proxy voting. The firm already handles proxy services for trillions of dollars in traditional assets and now wants to cover digital securities within the same workflows.
The upgraded platform records proxy votes for tokenized assets on Broadridge’s Avalanche-based Layer 1 chain and then distributes that data to multiple blockchains. By integrating its ProxyVote system into digital wallets, Broadridge lets investors receive meeting materials, confirm holdings, and submit votes with a verifiable on-chain record.
GLXY’s Role in the Onchain Proxy Pilot
GLXY is set to be one of the first tokenized equities to use this new on-chain governance flow. In the pilot, eligible Galaxy shareholders who hold tokenized GLXY through Superstate will be able to cast proxy votes that settle onto Broadridge’s blockchain infrastructure.
The pilot aims to show that public companies can offer the same voting rights across both traditional brokerage accounts and on-chain holdings. It also tests whether blockchains can reduce reconciliation steps, improve vote transparency, and provide investors with faster confirmation that companies have received their instructions.
Broadridge already processes around 8 trillion dollars in tokenized assets per month across its broader infrastructure, and it now views on-chain proxy voting as a key next step. For Galaxy and Superstate, the GLXY pilot moves tokenized stock beyond simple holding or collateral use and into full shareholder rights.
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