Yesterday Broadridge announced that Societe Generale (SocGen) is now live on its distributed ledger repo (DLR) platform. SocGen was involved in the very first pilot of the platform back in 2017 alongside Natixis. The DLR solution went into production a year ago, with UBS confirming it had joined in August. By that stage, the platform was already processing more than $35 billion in transactions daily.
“We are excited to leverage the operational efficiencies, benefit from real time visibility and have access to enhanced liquidity that Broadridge’s distributed ledger repo platform provides,” said Greg Zielinski, COO, Société Générale Americas.
“This partnership with Broadridge reinforces Société Générale’s overall strategy by leveraging blockchain technology to reduce and improve efficiency in the financial markets – particularly the $10T global bilateral repo market.”
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