Average daily volumes (ADV) on Broadridge’s distributed ledger repo platform (DLR) have begun to fall after seven months of continual growth.
ADV was US$362 billion over May. While this represents a 220% increase year-on-year (YoY), on a monthly basis (MoM) this was a 1.6% drop.
Last month, ADV rose by 268% YoY.
READ MORE: Broadridge’s DLR grows at slower pace in April
A total US$7.2 trillion was processed over the month.
Broadridge has recently expanded its tokenisation services to cover multiple asset classes.
“Bringing together digital innovation with proven trading, connectivity, and post-trade infrastructure will enable our clients to unlock liquidity and reduce friction across their operations while maintaining the scale, operational resilience, and regulatory compliance required in global capital markets,” said Frank Troise, president of global capital markets.
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