Broadridge Financial Solutions said its Distributed Ledger Repo platform, or DLR, processed $7.5 trillion in repo transactions in June 2026. Average daily volume reached $357 billion, up 68% from June 2025. The figures point to tokenized collateral and settlement infrastructure moving into regular institutional funding activity rather than staying inside limited pilot programs.
DLR volume shows larger institutional usage
DLR is designed to let financial institutions settle repurchase agreements with distributed ledger technology while staying connected to existing trading and post-trade systems. Securities used as collateral are tokenized on the platform, but firms can keep established market workflows in place. That means adoption does not require a full rebuild of front-office operations.
Broadridge said the rise in activity reflects stronger institutional confidence in distributed ledger technology as part of production-grade market infrastructure. Horacio Barakat, Global Head of Digital Innovation at Broadridge, said tokenized finance is entering a more mature phase, with institutions moving past evaluation and incorporating the technology into day-to-day market activity. He added that this shift shows growing confidence that tokenized settlement can handle the scale, resiliency and performance demanded by capital markets.
Repo remains a core liquidity channel
Repurchase agreements are a central funding tool for banks, dealers and institutional investors. They are used to finance securities inventories and manage liquidity across the market. Broadridge said DLR helps firms settle repo trades with tokenized securities while improving capital usage, increasing funding flexibility and streamlining collateral management. The platform runs alongside existing market infrastructure. It is not positioned as a replacement for current trading systems.
Bloomberg Terminal now carries aggregated DLR data
Alongside the June numbers, Broadridge announced that aggregated DLR market data is now available to Bloomberg Terminal subscribers through a partnership with digital asset data provider Kaiko. The dataset includes DLR repo par value, turnover statistics and trade count data. The information will appear next to Bloomberg’s existing fixed-income market data, giving institutional investors clearer visibility into activity across tokenized repo markets.
Part of a wider tokenization buildout
Broadridge described DLR as one piece of a broader strategy to support the full lifecycle of tokenized securities. The company said it has expanded beyond settlement into issuance, financing, servicing and governance across multiple asset classes. Earlier this month, Broadridge also partnered with Ondo Finance to support proxy voting and shareholder communications for tokenized U.S. securities within the existing U.S. regulatory framework.
According to the company, DLR is currently the world’s largest institutional platform for settling tokenized real-world assets, processing about $365 billion in tokenized transactions each day. Across the market, major banks, exchanges and financial infrastructure firms have been increasing their focus on tokenized government bonds, money market funds, collateral management and securities financing over the past year. In this segment, the emphasis is on settlement efficiency, collateral mobility and capital costs rather than crypto trading.