Broadridge Financial Solutions (BR) RBC Capital Markets Global Financial Technology Conference summary

Business overview and industry positioning

• Operates at the intersection of capital markets, wealth managers, asset managers, and corporate issuers, with ICS representing about 60% of $4.8 billion in recurring revenue.

• Connects over 200 million retail accounts to 1,000+ banks and brokers, providing access to nearly all public companies, mutual funds, and ETFs globally.

• Core value lies in simplifying regulatory communications, especially for U.S. retail investors, by streamlining many-to-many communications into a more efficient model.

• Maintains strong relationships with both beneficial and registered models, serving 80% of the Fortune 500 for proxy voting.

• Built a portfolio of adjacent business opportunities, including digital, shareholder engagement, institutional governance, and analytics.

Impact of tokenization and digital assets

• Tokenized securities are treated as traditional securities under federal law, requiring the same disclosures and proxy voting.

• Institutional markets are the largest initial use case for tokenized assets, with significant daily transaction volumes.

• Global retail access to U.S. securities via tokenization is emerging, with partnerships supporting governance and voting.

• Niche market exists for digital-native investors preferring self-custody wallets, but most assets will remain with banks and brokers.

• Tokenization is expected to provide a modest tailwind to growth, with estimates suggesting up to 3% of equity markets could be tokenized by 2030.

Technology, infrastructure, and regulatory adaptation

• Brokers prioritize client privacy and will maintain control over communications, making direct smart contract-based proxy and disclosure unlikely.

• Existing infrastructure will be adapted to integrate tokenized securities, avoiding dual systems and supporting seamless reporting, tax, and compliance.

• Technology stack is being built to support both traditional and tokenized assets across wealth management and capital markets.

• Already provides proxy voting for tokenized securities, ensuring continuity as adoption grows.