Broadridge Platform Records $7.6 Trillion in Repo Transactions in October
Key Facts
Broadridge said on November 6 that its Distributed Ledger Repo (DLR) platform processed repo transactions averaging $345 billion a day in October 2026, for a total of $7.6 trillion. The company said the settled volume reflects continued activity in tokenized securities financing. The total represents the volume of transactions processed by the platform, not Broadridge revenue. The announcement provides a measure of DLR’s operating activity during the month, alongside its daily average. It also comes as the company expands its digital asset infrastructure through its recently launched DLX platform.
The comparison with September shows a divergence between total transactions and their daily average. DLR processed transactions averaging $359 billion a day in September 2026, while the total reached $7.5 trillion. October’s total therefore rose from September on a simple calculation, while the daily average fell from $359 billion to $345 billion. That means the higher monthly total was not accompanied by an increase in the daily average. The two figures for each month measure different aspects of activity: total transactions during the month and the daily average.
October 2025 data provide an earlier year-on-year comparison for the platform’s average daily activity. Broadridge said at the time that the average was $385 billion, compared with $65 billion in 2024, a year-on-year increase of 492%. The company also said the October 2025 average was about 13% above the previous September’s average of $339 billion a day. The October 2026 average of $345 billion was below the October 2025 average. These figures show a changing course for the daily average, with the company’s data comparing different periods.
Broadridge said the total settled volume in October reflects “continued expansion in tokenized securities financing activity.” The company linked this activity to the expansion of its digital asset infrastructure through the recently launched DLX. The platform broadens the company’s tokenization capabilities beyond securities financing to cover a wider range of assets and stages of their lifecycle. These stages include issuance, trading, settlement, services and distribution. The company describes DLX as a multichain platform that also brings together capabilities in issuance, distribution, trading, financing, settlement, custody and asset services.
The company places DLX’s expansion within an operating footprint broader than the repo platform alone. Broadridge says its platforms process and generate more than 8 billion messages a year and support average daily trading exceeding $18 trillion in tokenized and traditional securities globally. These figures cover the company’s platform businesses as described by Broadridge and do not apply to DLR transactions alone. In this context, DLR represents the securities financing segment, while DLX aims to bring together capabilities spanning a broader range of asset lifecycles and workflows. The company says the new infrastructure enables it to expand its digital asset capabilities beyond financing activity.
Looking ahead, Horacio Barakat, Broadridge’s global head of digital innovation, said the company expects “further integration of tokenized assets into the day-to-day operations of financial markets” in 2027. He added that DLR and DLX aim to make these capabilities more accessible to institutions. The statement frames the company’s expectation as an expansion in the use of tokenized assets in day-to-day operations, without specifying a particular timetable or operational outcome. Broadridge announced on November 2 plans to provide on-chain shareholder governance and digital transfer agency services for the New York Stock Exchange’s tokenized securities platform. It said the platform is scheduled to launch after receiving regulatory approvals.
Broadridge shares, listed on the New York Stock Exchange under the symbol BR, closed at $193.92 on November 5, 2026, up 2.45% in the session. The close came a day before the company’s October figures were announced, in a release published on November 6. This sequence does not establish that the stock’s daily move was linked to the announcement of DLR transaction volume. The available session figure is limited to the closing price and the reported daily change. Confirmed data do not include the stock’s trading range during the session.