Broadridge Financial Solutions reported that its Distributed Ledger Repo (DLR) platform processed an average of $365 billion in daily repo transactions during January 2026, a 508% year‑over‑year increase from the $71 billion average in January 2025. The platform’s total volume for the month reached $7.3 trillion, underscoring the rapid institutional adoption of tokenized real‑asset settlement.
The January surge follows a December 2025 average daily volume of $384 billion and a total monthly volume of nearly $9 trillion, indicating that the platform’s growth is accelerating month over month as well as year over year.
Broadridge attributes the jump to the day‑to‑day value that institutions derive as the platform scales across a growing client base and expands into more complex use cases such as sponsored and intraday repo. The company’s strategy is to become the default infrastructure for the $10 trillion repo market’s digital future, creating a network‑effect moat that competitors cannot replicate.
The volume growth aligns with Broadridge’s broader financial performance. In the first quarter of fiscal 2026, recurring revenues grew 9% and adjusted earnings per share rose 51%, reflecting strong demand for the company’s digital solutions. The DLR platform’s expansion is a key component of this momentum.
Horacio Barakat, Head of Digital Innovation, said, "Adoption of DLR is being driven by the real, day‑to‑day value institutions are seeing as the platform scales across a growing client base and expanding use cases." He added, "In 2026, our focus is on extending that scale into intraday funding, enhanced collateral mobility, and a wider range of tokenized asset classes, while maintaining the interoperability, resilience, and trust required to operate at institutional scale."
Market reaction to the announcement was mixed. While the company’s overall performance has been strong, investors have responded with caution, reflecting the broader uncertainty in the market and the competitive dynamics of the repo space.
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