Broadridge DLR Handles $8T in July, Up 28% YoY
TL;DR
- Broadridge processed over $8 trillion in volume during July on its blockchain-based repo platform, with a daily average of $365 billion.
- The recorded volume represents a 28% year-over-year increase, consolidating the DLR platform as a reference infrastructure for institutional financing.
- Galaxy and Kraken adopted the company’s onchain governance platform for shareholder votes and corporate governance participation.
Broadridge Financial Solutions, the fintech headquartered in New York and listed on the New York Stock Exchange, processed over $8 trillion in volume during the month of July through its Distributed Ledger Repo (DLR) platform. According to a press release, the system recorded an average of $365 billion per day, representing a 28% increase compared to the same period the previous year.
The platform allows institutions to settle repo transactions —repurchase agreements— on blockchain technology, without abandoning their existing trading and post-trade operational environments. The mechanism facilitates real-time financing and the movement of tokenized collateral between counterparties, improving liquidity management and operational efficiency.
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