Broadridge’s distributed ledger repo (DLR) saw average daily volumes reach US$368 billion, up 268% year-on-year (YoY) and almost 4% month-on-month (MoM).
A total US$7.7 trillion was processed over the month.
In September, volumes were up 490%; last month, they rose 392% YoY. While the growth of Broadridge’s platform remains considerable, its pace of expansion appears to be slowing.
READ MORE: Broadridge’s DLT repo volumes almost quadruple YoY
The service was launched in June 2021.
In April, Broadridge invested in digital collateral mobility solutions provider HQLAX alongside frequent partner Digital Asset.
READ MORE: HQLAX gains funding, plans Canton Network migration
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