Fintech Company Broadridge Financial Solutions, Inc. (NYSE: BR) today announced the record activity on the Distributed Ledger Repo (DLR), which averaged an average of $ 339 billion in daily Repo transactions during September.
The result marks an increase of 21% compared to the August $ 280 billion average and an increase of 650% of the year beyond time, highlighting the rapid adoption of the settlement of settlement.
Broadridge’s DLR platform is the world’s largest institutional platform to settle real assets in the world, defining a new standard for efficiency and innovation in the world REPO market. As the top distribution distributed in the industry, DLR utilizes the transformative power of symbolism and smart contracts to accelerate the speed of securing, improve liquidity management and reduce the cost of processing commercial costs. DLR is interoperable in both traditional and market infrastructure based on blockchain.
As market innovations and displacements accelerate tokenization’s adoption, institutions are increasingly turning to reliable infrastructure to support this transformation. Broadridge is committed to unlocking new opportunities in all world capital markets as the industry is moving towards bridging traditional and digital economic ecosystems.