Broadridge’s tokenized repo platform now moves $9 trillion monthly, making it Wall Street’s quiet blockchain giant

Broadridge Financial Solutions has been running what might be the most consequential blockchain platform in finance. The company’s Distributed Ledger Repo platform, known as DLR, processed nearly $9 trillion in tokenized repurchase agreement transactions in December 2025. That’s an average daily volume of $384 billion, representing a 490% increase year-over-year. From $31 billion weekly to $9 trillion monthly When Broadridge launched the DLR platform in mid-2021, it was processing about $31 billion per week. The platform has since been consistently hitting between $7 trillion and $9 trillion monthly. March 2026 volumes came in at nearly $8 trillion, with an average daily volume of $354 billion. June 2026 totaled $7.5 trillion, carrying an average daily volume of $357 billion. The platform runs on the Canton Network and has achieved interoperability with JPM Coin, JPMorgan’s digital currency for institutional settlements. How tokenized repos actually work Repos, or repurchase agreements, are the plumbing of the financial system. One party sells securities to another with an agreement to buy them back later, usually the next day, at a slightly higher price. It’s essentially short-ter...