Jul. 7 at 1:31 PM
$BR Broadridge's Distributed Ledger Repo (DLR) platform processed a daily average of
$357B in repo transactions during June, with total monthly volume hitting
$7.5T. That's a 68% jump YoY.
"With DLR, we're seeing tokenized finance move into a new phase of maturity. Institutions are moving beyond evaluating distributed ledger technology. They're incorporating it into their day-to-day market activity." — Horacio Barakat, Global Head of Digital Innovation, Broadridge
Broadridge is also expanding DLR's reach: aggregated market data (repo par value, turnover, trade count) is now available to Bloomberg Terminal subscribers via a collaboration with Kaiko.
DLR is described as the world's largest institutional platform for settling tokenized real assets, and sits at the core of Broadridge's tokenization strategy across issuance, trading, financing, settlement and servicing.
Full article: https://liquidityfinder.com/news/broadridges-distributed-ledger-repo-platform-processes-357-billion-daily-average-in-june
📈 Institutional onchain repo activity keeps scaling
$BR
