Broadridge reported that its Distributed Ledger Repo (DLR) platform processed an average of $359 billion in daily transactions throughout September. The total volume for the month reached $7.5 trillion. Throughout 2026, the platform maintained a consistent daily volume ranging between $350 billion and $365 billion.
The DLR platform utilizes distributed ledger technology and smart contracts to manage collateral and settle trades, while keeping underlying assets in conventional custody. In early September, the system expanded to include G7 securities, enabling cross-border repo transactions. The platform currently handles thousands of daily transactions for major dealers.
Broadridge has also launched a new infrastructure platform called DLX, designed for multi-asset tokenization. This system aims to extend the capabilities of DLR to include issuance and trading for asset classes such as equities and funds. The company also provides support for governance and proxy voting for tokenized securities.
CEO Tim Gokey and other executives noted that while tokenization offers growth, it introduces operational complexities for clients, particularly regarding system integration and governance. The company maintains that its technology is intended to enhance existing post-trade services rather than replace core financial operations.
