Broadridge settled $385 billion worth of trades on its distributed ledger repo platform in October, a 492% increase year-over-year.
The increase in the fintech’s institutional platform for settling tokenised digital assets follows the publication of its tokenisation survey which shows continued adoption as direct-to-investor distribution models gain momentum.
Our coverage of the report, titled Next-gen markets: The rise and reality of tokenisation, highlights trends in custodians’ and asset managers’ offerings of these assets.
The DLT repo platform reduces risk to repo agreements using smart contracts by enabling the detachment of the collateral from the trade agreement. It tokenises collateral locked in custody, creating the smart contract terms to manage the lifecycle of the repo agreements, and facilitates the movement of locked collateral and midlife events, including collateral substitution.
