Broadridge Financial Solutions confirmed on September 2 that its Distributed Ledger Repo platform now supports G7 securities. The move allows market participants outside the United States to execute cross-border repo transactions, intraday repo activity, and collateral movements with atomic settlement. Broadridge presents the service as live infrastructure, not a proposed product.
A Wider Set of Eligible Collateral
The Distributed Ledger Repo platform had already supported tokens representing U.S. Treasury collateral for repo deals, intraday repo, and collateral pledges. Adding securities from G7 markets expands the assets firms can mobilize across currencies and jurisdictions. The system coordinates the transfer of tokenized securities and cash in one transaction. Broadridge says this setup can reduce settlement risk and cut down operational friction.
This also moves institutional tokenization beyond issuance and into financing and collateral workflows. Earlier reporting has looked at ICE and tZERO work on tokenized securities infrastructure, but that effort focuses more on issuance and trading. Broadridge’s expansion is concerned with what happens after securities are issued, specifically how they move through funding markets.
The Platform’s Recent Volume
Broadridge said DLR processed an average of $351 billion in repo transactions per day during August, which came to $7.4 trillion for the month. The company added that thousands of transactions run through the network every day. Those are company-reported figures for platform activity. They do not represent the value of newly eligible G7 collateral.
The firm also provides aggregated DLR data to Bloomberg Terminal subscribers through a collaboration with Kaiko. That data covers repo par value, turnover, and trade count. For institutional users wanting another view of distributed ledger activity, this adds transparency around the volume that Broadridge claims.
What This Means for Cross-Border Finance
Broadridge says the expanded collateral set is meant to help firms manage funding, liquidity, and holdings of high-quality securities across different markets. The real test will come if participants start using the G7 eligibility for cross-border trades at the scale seen in the U.S.-focused part of the network.
This move fits larger efforts to push capital market operations onto shared ledgers. But Broadridge’s step is narrower. It extends the collateral reach of an existing platform without naming specific G7 participants or introducing a separate token for retail investors. Whether that is enough to accelerate adoption in cross-border repo remains to be seen.
