Broadridge Financial Solutions reported a sharp rise in activity on its distributed ledger-based repo platform in April, as volumes continued to expand. The company said its Distributed Ledger Repo processed an average of $368 billion in daily transactions during the month, bringing total volumes to nearly $8 trillion. The daily average was up 268% year on year and rose nearly 4% from March.

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The results come amid Broadridge’s broader expansion into trading infrastructure and regulatory technology. It has agreed to acquire CQG, a provider of futures and options trading, execution management and market connectivity technology.

The company has also launched a UK regulatory technology platform to help firms prepare for the Financial Conduct Authority’s Consumer Composite Investments regime, which will replace PRIIPs templates by June 2027.

Tokenisation Drives Institutional Repo Growth

The figures point to continued uptake among institutional users, with Broadridge linking the growth to increased use of tokenized real-asset settlement and broader adoption of distributed ledger technology in funding and collateral markets.

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Horacio Barakat, Global Head of Digital Innovation at Broadridge, said DLR is showing that tokenization Tokenization Tokenization represents the process of substituting a sensitive data element with a non-sensitive equivalent, i.e. token, which bears no extrinsic or exploitable meaning or value. In essence, the rights to the ownership of an asset are converted into a digital token. Tokenization can be used to own an entire unit of an asset. For example, one token that represents the ownership of a piece of real estate or to split ownership of a single unity of an asset such as 200,000 tokens, each one represen Tokenization represents the process of substituting a sensitive data element with a non-sensitive equivalent, i.e. token, which bears no extrinsic or exploitable meaning or value. In essence, the rights to the ownership of an asset are converted into a digital token. Tokenization can be used to own an entire unit of an asset. For example, one token that represents the ownership of a piece of real estate or to split ownership of a single unity of an asset such as 200,000 tokens, each one represen Read this Term can operate at scale within core market infrastructure. He said the platform is “expanding into new liquidity management use cases” and “integrating digital and traditional assets within a single framework,” while maintaining requirements for regulated markets.

$BR Broadridge's Distributed Ledger Repo Achieves 268% Year Over Year Growth in Aprilhttps://t.co/9D20tC4HnF

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Platform Combines On-Chain Off-Chain Processes

DLR supports settlement Settlement Settlement in finance refers to the process when a buyer makes payment and receives the agreed-upon services or goods. The term is used on exchanges such as New York Stock Exchange (NYSE) when security changes hands. When the asset is transferred and placed in the new buyer's name, it is considered settled. This process could take a few hours or several days after a trade is made. It depends on the clearance process. In the United States, the settlement date for marketable stocks is usually 2 Settlement in finance refers to the process when a buyer makes payment and receives the agreed-upon services or goods. The term is used on exchanges such as New York Stock Exchange (NYSE) when security changes hands. When the asset is transferred and placed in the new buyer's name, it is considered settled. This process could take a few hours or several days after a trade is made. It depends on the clearance process. In the United States, the settlement date for marketable stocks is usually 2 Read this Term of repo transactions on distributed ledger infrastructure, enabling intraday and sponsored repo activity and allowing collateral to move in real time between counterparties. The system combines on-chain and off-chain processes within existing trading and post-trade environments, aiming to improve capital efficiency without requiring parallel workflows.

Broadridge also made a strategic investment in HQLAX in April, a provider of digital collateral mobility solutions, as part of its effort for collateral management and improve asset movement across securities finance markets.