Broadridge: Launches DLT Repo Platform
- Broadridge Financial Solutions (NYSE: BR), a global Fintech leader with over $4.5 billion in revenues
- Announced the successful go-live of its transformative distributed ledger repo (DLR) platform
- Early participants of the blockchain-enabled platform are realizing significant and immediate benefits of reduced risk
- The launch builds on the success of multiple pilots with sell-side and buy-side firms
- DLR provides a single platform where market participants can agree, execute and settle repo transactions
- The platform’s functionality significantly reduces the operating cost and risk of all repo activity, including intraday
