Broadridge Aims to Expand DLR & Tokenization

Average daily volumes on Broadridge Financial Solutions’ Distributed Ledger Repo (DLR) platform rose 490% year–on–year in December 2025, and the fintech aims to add intraday repos and increase its tokenization capabilities across asset classes, according to a story in MarketsMedia news. Repos allow one firm to sell a security to another firm with a simultaneous promise to buy the security back at a later date at a specified price, which has the economic effect of a collateralized loan, as they are mainly used to borrow cash using securities as collateral. Broadridge said in a statement that DLR processed an average of $384bn in daily repo transactions in December 2025, with volumes totalling nearly $9 trillion. The daily average was a 490% increase year–over–year and a 4% increase from the previous month. Horacio Barakat, head of digital innovation at Broadridge, described 2025 as a “breakout year” for DLR and the firm expects continued expansion in participants, use cases, and volumes in 2026. Growth was driven by more clients onboarding, and the extension of use cases since the platform was launched in 2021, according to Barakat. He said that the introduction of sponsored repo has been a big driver of growth. In addition, the platform has been boosted by changes in U.S digital asset regulation and increased enthusiasm as market infrastructure providers and exchanges think about using blockchain technology. Barakat argued that Broadridge will continue to benefit from its first mover advantage.