Broadridge Financial Solutions’ blockchain-based repo platform processed about $8 trillion in transactions during July, highlighting the growing use of distributed ledger technology in institutional financing and collateral management.
Average daily volume on the Distributed Ledger Repo platform, known as DLR, reached $365 billion during the month, representing a 28% increase from a year earlier. The platform enables financial institutions to settle repurchase agreements and transfer tokenized collateral through distributed ledger infrastructure while remaining connected to existing trading and post-trade systems.
Broadridge’s DLR platform processed approximately $8 trillion in repo transactions in July, with average daily volume climbing 28% year over year to $365 billion.
Repo markets are widely used by financial institutions to obtain short-term funding. Under a typical transaction, one party sells securities and agrees to repurchase them later. DLR allows collateral involved in these arrangements to be tokenized and transferred between counterparties while financing transactions are recorded and processed through the distributed ledger.
Broadridge said the infrastructure is designed to support real-time financing and collateral transfers, helping institutions manage liquidity and capital without requiring them to abandon established market processes. The platform also supports automated repo processing, collateral optimization and reduced reconciliation requirements.
DLR Maintains High Transaction Volumes
July continued a trend of elevated activity on the platform throughout 2026. DLR recorded average daily volume of $365 billion in January, generating $7.3 trillion in monthly transactions. The January daily figure represented a 508% increase from the same period a year earlier.
Activity remained strong in subsequent months. Average daily volume reached $354 billion in March, when monthly transactions approached $8 trillion. April produced an average daily volume of $368 billion, with monthly activity again nearing the $8 trillion mark.
The platform processed about $7.2 trillion in May at an average daily volume of $362 billion. June followed with approximately $7.5 trillion in transactions and average daily activity of $357 billion.
Broadridge also made DLR market data available to Bloomberg Terminal subscribers in July, expanding access to information generated by the platform.
Company executives have pointed to tokenization as an increasingly important tool for institutional liquidity and collateral management. Broadridge has also examined intraday applications for DLR, with research conducted with Finadium indicating that using the platform for 15% of eligible activity could potentially reduce intraday liquidity buffer requirements by 8% to 17%.
Blockchain Infrastructure Expands Beyond Repo
Broadridge is extending its distributed ledger capabilities into several areas of financial market infrastructure, including tokenized securities, shareholder voting and digital asset post-trade services.
The company has worked with Ondo Finance on governance infrastructure for holders of more than 250 tokenized stocks and exchange-traded funds. Under the arrangement, investors can submit voting preferences associated with the underlying securities, while Broadridge provides access to relevant corporate and regulatory information.
Voting preferences can be weighted according to the amount of tokenized securities held by an investor. With authorization from Ondo Global Markets, those preferences can also be combined with votes submitted through conventional financial market channels.
Broadridge’s blockchain governance infrastructure has also been used in other corporate voting initiatives. Galaxy Digital used the company’s onchain governance system for its annual shareholder meeting, while Payward, the parent company of Kraken, announced plans to use Broadridge technology to provide holders of tokenized shares with corporate governance capabilities.
The company is using the infrastructure developed for DLR as a foundation for tokenized securities, potentially supporting issuance, trading, settlement and servicing alongside traditional financial assets.
Financial Markets Continue Moving Onchain
Broadridge’s growing DLR volumes come as financial institutions and market infrastructure providers increasingly explore blockchain-based settlement and securities processing.
The Depository Trust & Clearing Corporation began limited production activity for its tokenization service in July, involving more than 50 financial companies. The initiative covers assets including Russell 1000 equities, major index exchange-traded funds and U.S. Treasuries, with a broader rollout targeted for October.
European financial institutions are also developing distributed ledger settlement networks. Boerse Stuttgart has expanded its Seturion network to include Societe Generale, SG-FORGE and online broker flatexDEGIRO. The system is designed to support tokenized securities across public and private blockchains using both onchain and central bank money.
Institutional repo activity has similarly been tested on other blockchain networks. Earlier in 2026, DTCC, Euroclear, Tradeweb, Citadel Securities and Societe Generale completed a cross-border intraday repo transaction involving tokenized U.K. government bonds on Canton Network.
Broadridge is among the financial and technology companies involved with Canton, a blockchain focused on institutional capital markets. Its expanding work across repo, securities, governance and digital asset infrastructure reflects a broader push by financial institutions to integrate blockchain technology with established market systems.
The sustained scale of DLR activity indicates that distributed ledger technology is moving beyond experimental projects toward high-volume institutional financial operations, particularly in repo settlement and collateral management.
