Broadridge Closes the Governance Gap in Tokenised Securities: Proxy Voting Now Covers Every Model

Shawn Jhanji
May 7
2 min read

For UK founders and investors watching tokenised equity markets develop, one recurring structural objection has been governance: if you hold tokenised shares, can you actually vote? The answer, until recently, has been sometimes. As of this week, Broadridge Financial Solutions has moved the industry to yes.

What Happened

On 5 May 2026, Broadridge announced an extension of its proxy voting and disclosure platform to cover all three tokenisation models recognised by the US Securities and Exchange Commission: registered, issuer-sponsored, and third party-sponsored. The announcement builds on partnerships with Galaxy Digital and Ondo Finance and means that governance infrastructure now exists across the full spectrum of how tokenised securities can be structured.

The Ondo Angle

Ondo Finance, which manages over $700 million in tokenised equities across more than 250 stocks and ETFs, has become the first major third-party tokenisation platform to activate the new capability. Holders of Ondo tokens can now review prospectuses, regulatory filings, and governance information, and vote their underlying positions through Broadridge's ProxyVote platform, which already handles proxy voting for millions of traditional securities holders.

Galaxy Digital, operating as an issuer-sponsored tokenisation platform, adopted Broadridge's solution for its own token holders in a separate announcement earlier this week.

Why This Matters

Tokenised securities have faced a persistent adoption problem partly because institutional investors will not hold positions that come with reduced governance rights. The ability to vote tokenised holdings through the same workflows used for traditional securities removes one of the most practical objections to allocation. The Broadridge platform uses an Avalanche-based layer-1 blockchain to record votes, with the ability to propagate those votes to other chains as needed.

For retail investors, ProxyVote allows on-chain and off-chain holdings to be voted from a single interface. For institutional investors, ProxyEdge handles tokenised and traditional securities within the same workflow. For issuers, the system provides a unified view across registered, beneficial and tokenised share classes.

The SEC Context

The US SEC has recognised three distinct models for tokenising securities: registered (where the token is the security), issuer-sponsored (where the issuer runs their own blockchain register), and third party-sponsored (where a platform holds securities in custody and issues tokens representing beneficial interests). Until this week, proxy voting infrastructure existed reliably for the first two models but not the third. The Broadridge announcement closes that gap.

What Comes Next

Broadridge's broader roadmap moves through tokenised funds, tokenised assets and eventually tokenised cash flows. The governance capability announced this week is a foundational layer for each of those stages. Its arrival at scale signals that the infrastructure supporting tokenised equity markets is maturing faster than many observers expected, and that the objections which have kept institutional capital on the sidelines are running out of places to hide.

Key Takeaways

Broadridge extended proxy voting to all three SEC tokenisation models on 5 May 2026
Ondo Finance (250+ tokenised stocks and ETFs) and Galaxy Digital are the first adopters
Retail investors vote via ProxyVote; institutional investors via ProxyEdge; issuers receive a unified cross-class view
Votes are recorded on a Broadridge-operated Avalanche blockchain
The move removes one of the most-cited structural objections to institutional tokenised equity allocation