Gate News update: Broadridge Financial Solutions has chosen Avalanche to build a brand-new on-chain shareholder voting system, aiming to let investors vote on company decisions directly on the blockchain. The system is expected to improve the efficiency and transparency of the voting process and attract more retail investors to a shareholder-voting process that has traditionally been more complex. Broadridge manages roughly $8 trillion in assets each month, and this application is expected to further drive real-world adoption of blockchain across the global financial sector.
Traditional shareholder voting typically relies on email and intermediaries, making the process lengthy and lacking transparency. With Avalanche’s Layer 1 network, Broadridge can manage access permissions and protect data in a controlled environment, while also ensuring that voting results can be recorded and verified immediately. All voting data is stored in a centralized location and kept in sync, making it easier for investors and companies to trust the system.
The first application case will be unveiled at Galaxy Digital’s annual shareholder meeting. Investors will be able to vote directly through a wallet, and all records will be stored on-chain. This innovation will become the first U.S. publicly listed company case in which shareholder voting is fully migrated to the blockchain. If the system runs smoothly, more businesses may follow suit, accelerating the broader adoption of on-chain governance.
Broadridge’s voting system also supports tokenized assets, enabling traditional assets and digital assets to be handled on the same platform. As financial firms gradually migrate their assets and business systems to blockchain networks, functions such as voting, trading, and reporting are expected to move fully on-chain. This partnership clearly shows that blockchain is moving from concept to core real-world financial applications, providing new digital momentum for asset management and corporate governance.
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