Broadridge Financial Solutions' Distributed Ledger Repo (DLR) platform processed $8.0 trillion in repo transactions during July, with average daily volume (ADV) reaching $365 billion for the month.
That ADV marks a 28 percent increase year-on-year and edges out June's $357 billion, extending a run of consistent growth in tokenized repo activity.
Horacio Barakat, global head of digital innovation at Broadridge, said tokenization is helping institutions optimize liquidity and collateral management, and that DLR shows distributed ledger infrastructure can support the scale and reliability required for core financing activity.
DLR settles repo transactions on a distributed ledger within existing trading and post-trade environments, moving tokenized collateral across counterparties in real time. Institutions use the platform to improve liquidity management and tighten capital usage without disrupting established market workflows.
Broadridge also runs on-chain proxy voting and governance management services alongside DLR.
