Broadridge tokenized repo platform hits record $368B daily volume in April

Broadridge Financial Solutions (NYSE:BR) reported record-breaking activity on its Distributed Ledger Repo (DLR) platform for April 2026, signaling a significant shift in how global financial institutions manage liquidity.

The platform processed an average daily volume (ADV) of $368 billion during the month, bringing the total monthly volume to nearly $8 trillion.

The April figures represent a 268% increase compared to the same period in 2025 and a 4% sequential rise from March.

This sustained momentum highlights the accelerating transition toward tokenized settlement in the repo market, as major banks and broker-dealers seek to reduce counterparty risk and improve capital efficiency through real-time, blockchain-enabled processing.

In tandem with the volume growth, Broadridge announced a strategic investment in HQLAX, a leading financial technology firm focused on digital collateral management.

The partnership is designed to enhance digital collateral mobility, allowing market participants to seamlessly integrate on-chain and off-chain activities.

By bridging these environments, Broadridge aims to embed digital assets directly into existing institutional trading and post-trade workflows, further reducing the friction associated with traditional collateral transfers.