Broadridge Adds Tokenized Securities Support to Trading Infrastructure
Broadridge expanded its infrastructure to support tokenized securities, integrating them with traditional assets for trading and settlement.Summary
Broadridge Financial Solutions has enhanced its trading infrastructure to include support for tokenized securities, alongside traditional assets. This expansion allows financial institutions to manage tokenized equities, funds, alternative assets, and money market instruments through their existing trading, order routing, and post-trade operations. The platform connects to both public and permissioned blockchain networks, including Ethereum-compatible chains and Canton. This move aligns with Wall Street's increasing focus on blockchain-based trading and settlement systems. Broadridge's Distributed Ledger Repo platform already tokenizes over $365 billion in assets daily, with its broader infrastructure handling over $15 trillion in daily securities transactions. The updated system aims to streamline processes for tokenized and fractionalized assets, as well as crypto holdings, by using unified settlement, reconciliation, reporting, and compliance workflows. It also accommodates corporate actions, proxy voting, and governance for both tokenized and traditional assets. This development occurs as other financial entities like Franklin Templeton and Kraken are also expanding tokenized investment products and blockchain infrastructure, and the Depository Trust & Clearing Corporation is integrating Chainlink for collateral management.
(Source：Cointelegraph)