Broadridge’s Distributed Ledger Repo (DLR) solution processes a trillion dollars a month in transactions. At its heart, it’s a smart contract solution that governs agreements and workflow. Now Broadridge has expanded it beyond repo to the management of high quality liquid assets (HQLA) with a tier 1 Canadian bank adopting the new features.
When we chatted 18 months ago, Broadridge’s Horacio Barakat noted that the system was designed to be flexible and a client was already using it for outright cash transactions rather than repo.
Using the platform, the HQLA is locked and tokenized, supporting its transfer using smart contracts.
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