Broadridge's Distributed Ledger Repo platform processed USD $7.2 trillion in repo transactions in May, with average daily volume reaching USD $362 billion.
That daily average was up 220% from a year earlier, indicating stronger use of tokenised settlement in institutional funding markets.
Repo transactions are a core part of short-term funding and collateral management for financial institutions. Broadridge's platform uses distributed ledger technology to settle tokenised real assets within existing market workflows.
The figures add to signs that large financial institutions are testing whether tokenised processes can support routine market activity rather than limited pilot programmes. Its system is being used to move tokenised securities in ways intended to support liquidity management and collateral mobility.
Growth in volumes
Broadridge described its Distributed Ledger Repo service as a framework for managing liquidity through tokenised settlement. The platform is designed to help firms improve capital use, increase funding flexibility and reduce operational friction while operating in regulated markets.
It also pointed to a broader expansion of its tokenisation work beyond the repo market. That extends the infrastructure behind the repo platform to tokenised securities across several asset classes, covering issuance, trading, settlement and servicing.
The move suggests Broadridge wants to position the same ledger-based infrastructure across both traditional and digital market activity. The aim is to let institutions work across those environments through a single framework.
Horacio Barakat, Global Head of Digital Innovation at Broadridge, linked the increase in volumes to a wider infrastructure shift in financial markets.
"The sustained growth of DLR reflects a broader shift toward modernizing core market infrastructure with tokenized settlement," said Horacio Barakat, Global Head of Digital Innovation at Broadridge.
He added that firms are looking closely at liquidity and collateral efficiency.
"Institutions are increasingly looking for ways to improve liquidity efficiency and collateral mobility while maintaining operational simplicity. DLR is helping firms put tokenization to work in day-to-day market activity, delivering measurable benefits on an institutional scale," Barakat said.
Wider tokenisation push
Broadridge has been building tokenisation-related services in other parts of the market, including on-chain proxy voting and governance, as well as digital asset infrastructure for post-trade activity, wallets and custody. It is seeking to extend digital asset tools across multiple asset classes.
The business sits at a major processing point in global securities markets. Its technology and operations platforms support average daily trading of more than USD $15 trillion across equities, fixed income and other securities, and generate more than 7 billion communications each year.
Against that backdrop, the growth in activity on its distributed ledger repo platform offers a measure of how far tokenised settlement has moved into mainstream market plumbing. Broadridge said the platform tokenises more than USD $365 billion a day.