WiremarketsBrief
Broadridge Says Blockchain Repo Platform Processed $7.6T in October
Broadridge says its Distributed Ledger Repo service processed $7.6 trillion in repurchase agreement transactions during October, averaging $345 billion a day.
Brief
Broadridge disclosed on November 6 that its Distributed Ledger Repo platform carried a combined $7.6 trillion of repo deals in October, or roughly $345 billion on an average day. Repo deals are short-term borrowing arrangements in which securities change hands under a pledge to buy them back, often secured by cash, and they form a large part of bank and dealer funding. The figure adds up processing over the month instead of measuring assets parked in a protocol, so it is not a standalone market value. Broadridge is also positioning DLX as a platform beyond repo, a product the firm says spans issuance, trading, settlement, financing and asset servicing. The company expects tokenized finance to keep spreading through routine market activity in 2027. It does not quantify individual savings or show that traditional repo has moved onto blockchain.
Why it matters: It shows shared-ledger infrastructure handling very large volumes in securities financing, separate from publicly traded tokens.
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Broadridge repo service processes $7.6 trillion in cumulative flow
Terms in this story
- Blockchain
- A shared, ordered record of transactions, grouped into blocks, that independent computers check against the same protocol rules.