The Broadridge Financial Solutions platform, Inc. (NYSE: BR) announced today the Distributed Ledger Repo (DLR) platform, edited more than $ 280 billion in average daily RepO transactions during August ($ 5.9T).
“As businesses continue to embrace technology to drive digital transformation, we have innovated alongside our customers to escalate DLR in the Premier Platform for Tokenized Real Assets,” said Horacio Barakat, head of digital innovation in Broadridge. “Our collaboration with Kaiko will help further strengthen market participants in the evaluation of tokenized mecurities with the same confidence and rigor as traditional assets do.”
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.
Platform aggregate platforms from Broadridge’s DLR platform are now being distributed through a new Kaiko application, top digital market digital activities and intelligence services. The app that started on the Canton network allows for market data to be distributed to subscribers such as Rwa.xyz and other platforms through Kaiko’s “Data Off-Ramp” offer. The service ensures that the data is technically separated, controlled by access and controlled at any time by the data holder, in this case Broadridge.
The whole processing is conducted in accordance with SOC 2 standards, providing the assurances of compliance and governance required for the institutional adoption of financial data in the chain. The centralized data includes daily and historical value RepO Par, turnover repo and Count Repo Trade. Broadridge will also publish a monthly subset of the data on its website.
“Providing this data application marks an important milestone on the Canton Network Map map,” said Ambre Soubiran, Managing Director of Kaiko. “By connecting Broadridge’s RepO data to subscribers such as Rwa.xyz, we display the practical value of creating bridges between data ecosystems and out -of -chain.”
As market innovations and displacements accelerate tokenization’s adoption, institutions are increasingly focused on reliable infrastructures and data providers 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.