Broadridge Says Blockchain Repo Platform Processed $7.6T in October
Broadridge says its Distributed Ledger Repo platform processed $7.6 trillion in repurchase-agreement transactions in October, averaging $345 billion daily. The figure is cumulative transaction flow, not assets locked onchain or newly created tokens; repeated collateral turnover can inflate gross volume. The service is presented as a production platform for coordinating institutional repo workflows, though the disclosure does not independently verify operational benefits or quantify user savings. Broadridge is also promoting DLX for broader issuance, trading, settlement and asset-servicing uses. The reported scale signals institutional blockchain activity, but does not show that traditional repo has broadly moved onchain or create direct demand for a liquid crypto token.
