Broadridge's Distributed Ledger Repo Processes $368 Billion Daily in April, Showing 268% YoY Growth
Broadridge Financial Solutions reported a 268% year-over-year increase in daily repo transactions processed through its Distributed Ledger Repo (DLR) in April, reaching an average of $368 billion per day. This growth highlights the increasing adoption of tokenized real-asset settlement and distributed ledger technology in institutional markets. The company emphasized the scalability and efficiency of DLR in modernizing funding and collateral markets.
Tickers: $BR
Topics: collateral mobility distributed ledger technology institutional adoption repo transactions tokenized settlement