The company’s DLR volumes jumped 28 percent year over year.
Securities operations services and systems provider Broadridge Financial Solutions reports that its Distributed Ledger Repo (DLR) has processed “an average of $365 billion in daily repo transactions during July, with volumes totaling $8.0 trillion,” a 28 percent increase year-over-year, officials say.
The daily average reflects “the continued evolution of tokenized market infrastructure and the expanding role of distributed ledger technology in modernizing funding and collateral markets,” according to Broadridge officials. “DLR remains a foundational component of Broadridge’s broader tokenization strategy.”
“DLR enables firms to settle repo transactions on distributed ledger technology while operating within their existing trading and post-trade environments. The platform supports efficient, real-time financing by enabling the movement of tokenized collateral across counterparties, helping institutions improve liquidity management, optimize capital usage and enhance operational efficiency without disrupting established market workflows,” according to the announcement.
“Tokenization is increasingly becoming part of how institutions optimize liquidity and collateral management,” says Horacio Barakat, global head of digital innovation at Broadridge, in a prepared statement. “As adoption broadens, firms are gaining greater confidence in bringing tokenized workflows into day-to-day market operations,” he adds.
Broadridge offers on-chain proxy voting and governance, digital asset infrastructure including post trade, wallets and custody, and the scaling of digital asset capabilities across multiple asset classes, officials say.
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