Reporting · markets
Broadridge repo service processes $7.6 trillion in cumulative flow
Broadridge's institutional repo platform handled large daily volume in October, and the company is promoting its DLX platform for tokenized finance beyond repo.
Quick take
- Broadridge says its Distributed Ledger Repo service has processed $7.6 trillion in cumulative flow.
- October repo volume averaged $345 billion daily, according to the November 6 disclosure.
- The company argues this is institutional infrastructure rather than public tokens, and it pitches DLX beyond repo.
NewsBTC reported that Broadridge has processed $7.6 trillion through its Distributed Ledger Repo service, according to a disclosure the company issued on November 6. Broadridge put October repo volume at an average of $345 billion per day, the company said.
Repo refers to securities sold with an agreement to buy them back. Broadridge described this activity as institutional infrastructure rather than public tokens, and it noted that the $7.6 trillion figure measures cumulative flow, not new blockchain assets.
Broadridge also promotes its DLX platform, which the company says extends beyond repo to cover issuance, trading, settlement, financing and servicing. The release does not quantify individual net cost savings.
The release names two milestones for the wider effort: independent adoption and recurring volume across multiple products. Taken together, the figures describe a large volume of institutional repo activity and a platform the company is still promoting beyond that core use.
Sources
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