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Broadridge's DLR Platform Tops $8 Trillion in July Volume, Up 28% YoY
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News EditorBroadridge, the New York-listed fintech company, announced that its distributed ledger repo (DLR) platform processed over $8 trillion in transactions during July, according to The Block. That amounts to roughly $365 billion in average daily volume, up 28% year over year. The platform lets companies settle repo trades using distributed ledger technology within their existing trading and post-trade environments, supporting real-time financing and the movement of tokenized collateral. Alongside the repo platform, Broadridge also offers on-chain proxy voting and governance services and manages digital asset infrastructure for its clients.
Broadridge, the New York-listed financial technology company, says its distributed ledger repo (DLR) platform processed more than $8 trillion in transactions in July, roughly $365 billion per day on average and a 28% gain year over year. The Block first reported the figures.
DLR lets companies settle repo trades with distributed ledger technology inside their existing trading and post-trade environments. The setup supports real-time financing and the movement of tokenized collateral. Broadridge also runs on-chain proxy voting and governance services, and manages infrastructure for digital assets.
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