Institutional Repo Platform Broadridge Processes Record $339 Billion Daily in Tokenised Settlements

Broadridge Financial Solutions' Distributed Ledger Repo (DLR) platform processed an average of $339 billion in daily repo transactions during September, representing a 21% increase from August's $280 billion daily average.
 

The figures also mark a 650% year-on-year increase, reflecting growing institutional adoption of tokenised settlement infrastructure in the repo market.
 

Broadridge's DLR platform is a distributed ledger solution for settling tokenised real assets in the institutional market. The platform utilises tokenisation and smart contracts to facilitate collateral movement, liquidity management and trade processing within both traditional and blockchain-based market infrastructure.
 

The technology enables interoperability across different market infrastructure systems, allowing institutions to operate within existing frameworks whilst accessing distributed ledger capabilities.
 

Broadridge Financial Solutions is a global technology provider serving the financial services industry. The company processes and generates over 7 billion communications annually and its platforms underpin the daily average trading of over $15 trillion in equities, fixed income and other securities globally.
 

The firm employs over 15,000 associates across 21 countries and is part of the S&P 500 Index.

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