A year ago Broadridge‘s Distributed Ledger Repo (DLR) solution was processing around $1.5 trillion in transactions monthly. As part of the company’s earnings report last month, CEO Tim Gokey revealed the figure had reached $4 trillion in June. Today the company announced that daily volumes are now around $280 billion, equivalent to $5.9 trillion monthly.
The solution digitizes the repo workflow process, bringing efficiencies but also reducing failure risks. Like other blockchain offerings, it enables collateral mobility – tokenized Treasuries can be transferred instantly – which enables intraday repo.
Ledger Insights interviewed Horacio Barakat, Head of Digital Innovation at Broadridge, to find out what’s driving the growth. The move by the SEC to require central clearing for Treasury transactions was one of the factors. Given that has been postponed to mid 2027 for repo, it means there’s still quite a bit of growth to come.
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