Broadridge distributed-ledger repo platform processes $359 billion daily in Wall Street market

Broadridge's distributed-ledger repo platform processed an average of $359 billion daily, totaling $7.5 trillion in September, within Wall Street's $359 billion-a-day repo market. This technology helps institutions finance securities and move collateral, allowing them to borrow for a few hours instead of the usual overnight repo borrowing when they hold government bonds but lack immediate cash for payments. The Office of Financial Research estimated over $8 trillion in Treasury-backed repo was outstanding in August 2025.