Case Study: Broadridge achieves safer, more efficient repo settlement with Digital Asset

Broadridge Distributed Ledger Repo Making the $10Tn+ repo market safer and more efficient

Broadridge, a global Fintech leader, faced significant challenges in the repo market, including operational overhead, capital utilization costs, and settlement risks due to a lack of a single source of truth. To tackle this, they partnered with Digital Asset to create Distributed Ledger Repo (DLR), a solution built using Digital Asset's Daml smart contract language.

The solution implemented by Digital Asset provided a single platform using distributed ledger technology to model the entire repo process, embedding rules and enabling simultaneous settlement. This resulted in broker-dealers saving 25-50 bps in premiums, avoiding over 100 bps in penalties, and reducing clearing costs by an average of 25% for clients. Digital Asset's technology helped drive massive growth for the platform, which expanded from a $31Bn pilot to handling over $1.4Tn in transactions.

Broadridge

Horacio Barakat

Head of Digital Innovation, Capital Markets