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Broadridge Financial Solutions, Inc. (NYSE: BR) has announced that its Distributed Ledger Repo (DLR) platform processed an average of $357 billion in daily repo transactions during June, with total volumes reaching $7.5 trillion for the month. The daily average represents a 68% increase year-on-year.
The figures reflect the continued evolution of tokenised market infrastructure and the expanding role of distributed ledger technology in modernising funding and collateral markets.
Horacio Barakat, Global Head of Digital Innovation, Broadridge
Horacio Barakat, Global Head of Digital Innovation, Broadridge commented:
"With DLR, we're seeing tokenized finance move into a new phase of maturity. Institutions are moving beyond evaluating distributed ledger technology. They're incorporating it into their day-to-day market activity. That shift reflects growing confidence that tokenized settlement can support the scale, resiliency and performance required by today's capital markets."
DLR enables firms to settle repo transactions using distributed ledger technology while operating within existing trading and post-trade workflows. By facilitating the efficient movement of tokenised securities, the platform helps firms improve capital utilisation, increase funding flexibility and streamline collateral management while integrating into established market infrastructure.
Building on DLR's growth, Broadridge is now making aggregated market data from DLR available to Bloomberg Terminal subscribers through a collaboration with Kaiko. The offering provides access to DLR repo par value, turnover and trade count alongside existing fixed income data, giving subscribers visibility into institutional onchain repo activity through one of the financial industry's widely used market data platforms.
DLR is a cornerstone of Broadridge's broader tokenisation strategy, supporting the issuance, trading, financing, settlement and servicing of tokenised securities across multiple asset classes. As part of its recently announced integrated infrastructure for tokenised securities, Broadridge continues to expand DLR's capabilities while helping financial institutions operate across traditional and tokenised markets. DLR is described as the world's largest institutional platform for settling tokenised real assets.
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