Broadridge DLR — $384 Billion Daily and the Future of Repo Settlement
Broadridge's Distributed Ledger Repo processed a record $384B in notional in a single day in December 2024, with all major US broker-dealers participating in T+0 repo settlement.
Delivery vs Payment (DvP)
Delivery versus Payment is the fundamental settlement principle that transfer of a security must occur simultaneously with payment — eliminating principal risk — and blockchain-based atomic settlement represents the most complete technical implementation of DvP yet achieved.
Broadridge DLR: How $384 Billion Per Day of Repo Settlements Are Moving to Blockchain
Broadridge's Distributed Ledger Repo (DLR) platform settles $384 billion in daily repo transactions for institutions including JPMorgan, Goldman Sachs, and Citi. It is the largest institutional blockchain application by transaction volume in the United States.