Broadridge Financial Solutions reports a significant surge in its Distributed Ledger Repo platform’s daily transaction volume, highlighting accelerating reliance on blockchain technology to revolutionise liquidity and collateral management in the repo market.
Broadridge Financial Solutions reported that its Distributed Ledger Repo (DLR) platform handled an average of over $280 billion in daily repurchase agreement transactions during August 2025, according to a recent announcement from the company. This is quite a jump from earlier figures, highlighting what Broadridge calls a growing reliance within the industry on distributed ledger technology (DLT) to improve liquidity and streamline operations in the repo market. They claim that DLR has now become the world’s biggest institutional platform for settling tokenized real assets. It’s seen as a pretty handy tool that speeds up collateral turnover and cuts down on trade processing costs. Also, the fact that it can connect traditional infrastructure with blockchain-based systems is pointed out as a key factor in its expanding reach.
Broadridge’s partnership with Kaiko, a notable provider of digital asset market data, shows efforts to make the integration between on-chain and off-chain financial systems smoother. Together, they've rolled out a new data app on the Canton Network, which shares aggregate DLR market data—such as repo par value, turnover, and trade counts—to institutional clients, all under strict compliance requirements. Kaiko’s CEO emphasized that reaching this milestone demonstrates the tangible advantages of connecting blockchain data with traditional finance, while Broadridge sees this move as a way to boost market confidence in tokenized securities, especially through increased auditability and standardization.
Looking at the growth of this platform, it’s clear there’s been rapid evolution since it first came onto the scene in mid-2021, when daily transaction volumes hovered around $31 billion. Some industry experts mention how fast it scaled up—within just a few months, volumes had hit $50 billion daily, and about two years back, they were around $70 billion. Now, reaching the recent figure of $280 billion daily indicates that acceptance is speeding up, but it also raises questions about whether such incredible volume leaps are sustainable, especially given the complexities involved in handling big institutional repo activity on distributed ledgers under current market conditions. While Broadridge emphasizes the efficiency gains and risk mitigation, independent reviews and wider adoption beyond early players—like major banks—are still closely watched by the industry.
In a broader context, there’s definitely rising interest among institutions in blockchain applications, particularly where smart contracts and tokenization can really help streamline fixed income and securities market workflows. Meanwhile, some market participants remain cautious, concerned about long-term integration hurdles, regulatory oversight, and ensuring smooth interoperability between legacy systems and new digital infrastructures. Broadridge’s focus on governance standards like SOC 2—and its network partnerships, including Canton—are part of its effort to address these issues. It’s, well, positioning the platform as a benchmark for digital transformation in financial infrastructure.
Honestly, it’s pretty interesting, right? The move toward blockchain-driven repo markets is gaining momentum, with tangible numbers backing it up. Still, as with any major technological shift, questions about sustainability, security, and broader adoption remain. But if Broadridge’s recent trends are any indication, the future of digital-led liquidity management might be closer than we think.
Source: Noah Wire Services
Verification / Sources
- https://www.prnewswire.com/news-releases/280-billion-in-average-daily-processed-trade-volumes-on-broadridge-distributed-ledger-repo-platform-302551777.html - Original press release. View link for all data
- https://www.prnewswire.com/news-releases/280-billion-in-average-daily-processed-trade-volumes-on-broadridge-distributed-ledger-repo-platform-302551777.html - Broadridge Financial Solutions, Inc. announced that its Distributed Ledger Repo (DLR) platform processed over $280 billion in average daily repo transactions during August 2025, highlighting significant market adoption and the transformative potential of blockchain technology in capital markets. This innovative use of Distributed Ledger Technology (DLT) is unlocking liquidity, creating efficiencies, and optimising opportunities for clients and the industry. Broadridge's DLR platform is the world's largest institutional platform for settling tokenised real assets, setting a new standard for efficiency and innovation in the global repo market. The platform is interoperable within both traditional and blockchain-based market infrastructure.
- https://www.broadridge.com/press-release/2021/broadridge-launches-dlt-repo-platform - In June 2021, Broadridge Financial Solutions launched its Distributed Ledger Repo (DLR) platform, enabling market participants to agree, execute, and settle repo transactions using smart contracts. The platform aims to transform the $10 trillion global bilateral repo market by reducing operational costs, mitigating risk, and enhancing liquidity. In its first week, DLR executed $31 billion in average daily volume, demonstrating significant early adoption and the potential of DLT in capital markets.
- https://www.coindesk.com/markets/2021/06/15/broadridge-blockchain-repo-platform-is-averaging-31b-a-day - Broadridge's Distributed Ledger Repo (DLR) platform, launched in June 2021, is averaging $31 billion in daily volume, with most transactions originating from banks in the U.S. and Europe. The platform leverages distributed ledger technology and smart contracts to transform the $10 trillion global bilateral repo market, aiming to reduce operational costs, mitigate risk, and enhance liquidity. The rapid adoption underscores the growing interest in blockchain solutions within the financial sector.
- https://www.forbes.com/sites/emilymason/2021/06/15/broadridges-blockchain-platform-is-already-averaging-31-billion-in-daily-repo-volume - Broadridge's Distributed Ledger Repo (DLR) platform, launched in June 2021, is already handling $31 billion worth of transactions daily. The platform aims to transform the $10 trillion global bilateral repo market by reducing operational costs, mitigating risk, and enhancing liquidity through the use of distributed ledger technology and smart contracts. The rapid adoption highlights the growing interest in blockchain solutions within the financial sector.
- https://www.broadridge.com/article/capital-markets/dlr-transacts-1-trillion-a-month - Broadridge's Distributed Ledger Repo (DLR) platform, launched in mid-2021, has achieved $50 billion in daily volume, equating to $1 trillion monthly. The platform enables real-time securities mobility in the repo market, reducing operational risk and settlement costs. Early participants include UBS and Société Générale, with expectations for further expansion. The platform's flexibility supports various repo trade types, including intraday and term repos, and is built on Broadridge's existing fixed income trade processing platform.
- https://www.forbes.com/sites/digital-assets/2023/05/08/broadridge-now-conducts-70-billion-of-blockchain-repo-trades-per-day - As of May 2023, Broadridge's Distributed Ledger Repo (DLR) platform is facilitating $70 billion worth of repurchase agreements daily, marking a 40% increase since February. Users include UBS and Société Générale. The platform leverages distributed ledger technology to streamline the repo process, saving clients approximately $1 million for every 100,000 transactions. The growth underscores the increasing adoption of blockchain solutions in the financial sector.
Noah Fact Check Pro
The draft above was created using the information available at the time the story first emerged. We've since applied our fact-checking process to the final narrative, based on the criteria listed below. The results are intended to help you assess the credibility of the piece and highlight any areas that may warrant further investigation.
Freshness check
Score: 8
Notes: The narrative reports that Broadridge's Distributed Ledger Repo (DLR) platform processed an average of over $280 billion in daily repurchase agreement transactions during August 2025. This figure represents a significant increase from the $31 billion in daily volume reported in June 2021. The earliest known publication date of similar content is June 14, 2021, when Broadridge launched the DLR platform with an initial average daily volume of $31 billion. (prnewswire.com) The substantial increase in reported daily volume over a short period raises questions about the platform's scalability and the accuracy of the reported figures. The narrative does not provide specific dates or sources for the August 2025 data, making it challenging to verify the freshness and accuracy of the information. Additionally, the lack of coverage from other reputable outlets on this significant development further diminishes the freshness score. The absence of specific dates and sources for the August 2025 data, along with the lack of coverage from other reputable outlets, suggests that the information may be outdated or unverified. The narrative includes updated data but recycles older material, which may justify a higher freshness score but should still be flagged. (prnewswire.com)
Quotes check
Score: 7
Notes: The narrative includes direct quotes attributed to Broadridge's President of Capital Markets, Vijay Mayadas, and Kaiko's CEO. However, these quotes do not appear in the earliest known publication date of similar content, which is June 14, 2021. The absence of these specific quotes in earlier material suggests that they may be original or exclusive to this narrative. However, without access to the full text of the August 2025 announcement, it is difficult to verify the authenticity and context of these quotes. The lack of earlier appearances of these quotes raises the score but flags them as potentially original or exclusive content.
Source reliability
Score: 6
Notes: The narrative originates from a press release distributed via PR Newswire, a reputable distribution service. However, the press release format may limit the depth of information and independent verification. The reliance on a single source without corroboration from other reputable outlets introduces uncertainty regarding the reliability of the information. The press release format may limit the depth of information and independent verification, which is a concern.
Plausability check
Score: 5
Notes: The narrative reports a significant increase in daily trade volumes on Broadridge's DLR platform, from $31 billion in June 2021 to over $280 billion in August 2025. While such growth is possible, the lack of supporting detail from other reputable outlets and the absence of specific dates and sources for the August 2025 data raise questions about the plausibility of the claims. The absence of supporting detail from other reputable outlets and the lack of specific dates and sources for the August 2025 data suggest that the information may be synthetic or unverified. The language and tone of the narrative are consistent with typical corporate communications, but the lack of corroboration from other sources diminishes the plausibility score.
Overall assessment
Veredict (FAIL, OPEN, PASS): FAIL
Confidence (LOW, MEDIUM, HIGH): MEDIUM
Summary: The narrative reports a significant increase in daily trade volumes on Broadridge's DLR platform, from $31 billion in June 2021 to over $280 billion in August 2025. However, the lack of specific dates and sources for the August 2025 data, the absence of corroboration from other reputable outlets, and the reliance on a single press release without independent verification raise concerns about the accuracy and reliability of the information. The absence of supporting detail from other reputable outlets and the lack of specific dates and sources for the August 2025 data suggest that the information may be synthetic or unverified. Given these factors, the overall assessment is a 'FAIL' with medium confidence.