Broadridge Launches DLX, an Always-On Digital Asset Infrastructure Platform for Tokenized Markets

Broadridge’s new DLX platform extends its large-scale DLT repo infrastructure to support full-lifecycle tokenized and traditional asset operations on one unified layer.

Rhea-AI Summary

Broadridge (BR) launched DLX on September 9, 2026 as an always-on digital asset and tokenization platform connecting traditional and on-chain markets for financial institutions.

DLX offers multi-chain connectivity, a programmable smart contract composer, 24/7 transaction capabilities, and integrated distribution within an institutional-grade workflow layer. It initially connects to the DTCC Tokenization Service via Canton and other networks. Built on Broadridge’s Distributed Ledger Repo platform, which processes more than $350 billion in daily activity, DLX supports issuance, trading, settlement, servicing, custody, and governance across bonds, equities, funds, private markets, and money market instruments under a single framework.

News Explained

DLX turns Broadridge’s tokenization capabilities into a launched platform spanning institutional issuance, operations, custody, and distribution.

Broadridge has launched DLX, expanding its existing tokenization infrastructure into a broader multi-asset platform for institutional issuance, trading, settlement, servicing, custody, governance, and distribution.

DLX allows issuers to mint, issue, service, transact in, and distribute their own tokenized instruments, while other institutions can access and transact in eligible products; clients can use self-custody, third-party custody, or hybrid custody models.

The release says broader use cases will be announced in due course, leaving those future applications as the main stated scope item beyond the capabilities disclosed at launch.

Market Context

-2.46% was BR's pre-headline daily change, while related tokenization announcements on Sep 02, Aug 1...

Analysis

-2.46% was BR's pre-headline daily change, while related tokenization announcements on Sep 02, Aug 10, and Aug 05 recorded -1.28%, -1.54%, and -2.97% reactions, respectively; those observations contextualized DLX's platform expansion.

Key Figures

DLR daily activity: More than $350 billion

DLR daily activity

More than $350 billion

Daily activity across thousands of transactions

Historical Context

3 past events · Latest: Sep 02

3 events

1. Sep 02

   DLR G7 expansion

   24h Move

   -1.3%

   DLR expanded to G7 securities for cross-border repo and collateral movements

2. Aug 10

   DLR volume update

   24h Move

   -1.5%

   DLR reported July processing growth and broader tokenized funding-market use

3. Aug 05

   Tokenized governance integration

   24h Move

   -3.0%

   Broadridge added proxy voting support for eligible holders of tokenized equities

24h Move is the share-price change in the day after each event; other market factors may also have contributed.

Key Terms

tokenization, smart contract, distributed ledger, self-custody

4 terms

tokenization technical

"end-to-end tokenization and digital asset infrastructure platform"

Tokenization is the process of converting real-world assets or rights into digital tokens stored on a computer network. This allows assets, such as property or investments, to be divided into smaller parts, making them easier to buy, sell, or transfer electronically. For investors, tokenization can increase access to a wider range of investments and make transactions faster and more efficient.

smart contract technical

"a programmable smart contract composer"

A smart contract is a computer program stored on a blockchain that automatically carries out the terms of an agreement when preset conditions are met — like a vending machine that releases a snack when you insert the right coins. For investors, smart contracts matter because they can cut out intermediaries, speed up and lower the cost of transactions, and make outcomes more transparent, but they also introduce technology and regulatory risks that can affect asset value.

distributed ledger technical

"Broadridge's established Distributed Ledger Repo (DLR) capability"

A distributed ledger is a digital record of transactions that is shared and synchronized across multiple computers or locations. Unlike a traditional record kept in one place, it allows many parties to see and verify the same information simultaneously, making it more transparent and harder to alter. This technology matters to investors because it can increase trust, reduce the need for middlemen, and improve the efficiency of recording and verifying transactions.

View in glossary

self-custody technical

"DLX supports self-custody, third-party custody, and hybrid custody models"

Self-custody means an investor holds and controls their own financial assets—such as stocks, bonds, or digital tokens—rather than leaving them with a broker, bank, or other third party. It matters because it gives the owner full control and direct access (like keeping cash in a personal safe instead of a bank vault), but also shifts all responsibility for security, backups, and recovery to the individual, affecting risk and liquidity.

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DLX is the operating system for tokenized finance, combining multi-chain enablement, a programmable smart contract composer, 24/7 transaction capabilities, integrated distribution, and institutional-grade workflow orchestration across traditional and on-chain markets

NEW YORK, Sept. 9, 2026 /PRNewswire/ -- Broadridge (NYSE: BR) today announced the launch of DLX, a fully integrated, end-to-end tokenization and digital asset infrastructure platform that enables financial institutions to operate across tokenized and traditional markets through a connected operating layer for on-chain and off-chain activity. Launching with capabilities to connect to the DTCC Tokenization Service via Canton and other networks, with broader use cases to be announced in due course.

"Tokenization is increasingly becoming the foundation of more programmable, connected and always-on financial markets," said Horacio Barakat, Global Head of Digital Innovation. "DLX gives market participants an accelerated pathway to operating on chain without sacrificing the controls, connectivity, and operating models they rely on today."

Building on Broadridge's established Distributed Ledger Repo (DLR) capability for collateral mobility and securities financing, which processes more than $350 billion in daily activity across thousands of transactions, DLX extends Broadridge's tokenization infrastructure into a broader, multi-asset platform for issuance, trading, settlement, servicing, custody, governance, and distribution. By connecting tokenized workflows and a growing partner network with established market systems, DLX helps firms reduce the complexity of operating on chain, supporting asset classes including bonds, equities, funds, private markets, and money market instruments within a single, consistent framework for tokenization, governance, and operations.

Market Infrastructure for Tokenized Markets

DLX supports the full lifecycle of tokenized assets through a modular, multi-chain architecture enabling participants to issue and distribute their own tokens and participate in markets for tokens issued by others.

• Issuers can mint, issue, service, transact in, and distribute tokenized financial instruments.
• Banks and broker dealers can connect issuance, trading, transaction orchestration, settlement, servicing, custody, and market infrastructure workflows.
• Asset managers can tokenize and issue funds and investment products on-chain, automate lifecycle processes, and connect with institutional, intermediary, and wealth management distribution channels.
• Institutional investors can access and transact in eligible tokenized products, including tokenized funds, equities, fixed income instruments, and other financial assets.
• Wealth management firms can integrate access to eligible tokenized products and on-chain market capabilities into existing advisory, platform, and client service models.

By connecting issuers, investors, intermediaries, asset managers, and wealth distribution channels through a common platform, DLX is designed to reduce fragmentation across the tokenized asset lifecycle and expand access to new distribution models.

Institutional Orchestration Across On-chain and Traditional Markets

At the center of DLX is an institutional orchestration layer that brings together tokenization, smart contract services, trading and execution workflows, settlement, books and records, custody, wallet infrastructure, and connectivity across digital asset markets, payment rails, compliance providers, custodians, and distribution channels. This allows firms to integrate tokenized asset activity into existing operating models without having to manage the complexity of fragmented on-chain infrastructure themselves.

DLX supports self-custody, third-party custody, and hybrid custody models, enabling clients to determine how assets are held and administered based on their business strategy, risk framework, and regulatory requirements.

Built on a Proven Foundation

DLX builds on Broadridge's experience operating DLR at institutional scale. As Broadridge's proven at-scale capability for collateral mobility and securities financing, DLR demonstrates how distributed ledger technology can support high-value institutional market activity in production.

DLX extends that proven foundation beyond a single market use case into a broader modular platform for tokenization, trading, settlement, servicing, governance, custody, and distribution.

About Broadridge's Tokenization Solutions

Broadridge enables on-chain proxy voting and governance, digital asset infrastructure including post trade, wallets and custody, and the scaling of digital asset capabilities across multiple asset classes. Broadridge's governance platform serves all models of tokenized securities, including issuer-listed models, synthetic securities issued outside the United States, and third-party tokenized shares within the United States, helping ensure investors receive the same rights and protections regardless of how assets are structured or owned.

DLX is Broadridge's tokenization platform, designed to help financial institutions operate across the lifecycle of tokenized securities. It brings together solutions spanning issuance, trading, financing, settlement and servicing, including its Distributed Ledger Repo (DLR) solution, the world's largest institutional platform for settling tokenized real assets, tokenizing over $351 billion a day. DLR supports repo transactions, intraday repo activity, collateral movements, settlement and servicing needs through established scale, critical market knowledge and technology designed for real-world market operations. As tokenization gains momentum across financial services, Broadridge is abstracting away the complexity and enabling a unified experience across traditional and digital assets.

About Broadridge

Broadridge (NYSE: BR) is a global technology leader with trusted expertise and transformative technology, helping clients and the financial services industry operate, innovate, and grow. We power investing, governance, and communications for our clients – driving operational resiliency, elevating business performance, and transforming investor experiences.

Our technology and operations platforms process and generate over 8 billion communications annually and underpin the daily average trading of over $18 trillion in tokenized and traditional securities globally. A certified Great Place to Work^®, Broadridge is part of the S&P 500^® Index, employing approximately 16,000 associates in 28 countries. For more information about us, please visit www.broadridge.com.

For more information about us, please visit www.broadridge.com.

Broadridge Contacts:

Investors:
broadridgeir@broadridge.com

Media:
Gregg.Rosenberg@broadridge.com

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SOURCE Broadridge Financial Solutions, Inc.

FAQ

Which types of market participants is DLX designed to serve?

DLX is designed for a wide range of participants, including issuers, banks and broker dealers, asset managers, institutional investors, and wealth management firms. Issuers can mint, issue, service, and distribute tokenized instruments, intermediaries can connect issuance and post-trade workflows, asset managers can tokenize funds and products, institutional investors can access eligible tokenized assets, and wealth firms can integrate tokenized offerings into existing advisory and client service models.

What custody models does DLX support for digital assets?

DLX supports self-custody, third-party custody, and hybrid custody models. This allows clients to decide how assets are held and administered based on their business strategy, risk framework, and applicable regulatory requirements.

How does DLX aim to reduce fragmentation in tokenized markets?

DLX connects issuers, investors, intermediaries, asset managers, and wealth distribution channels on a common platform. By supporting token issuance, trading, settlement, servicing, custody, and governance in one modular, multi-chain architecture and linking to existing market systems and partner networks, it is designed to reduce fragmentation across the tokenized asset lifecycle and expand access to new distribution models.

What existing Broadridge capabilities does DLX build upon?

DLX builds on Broadridge’s Distributed Ledger Repo (DLR) capability, which supports collateral mobility and securities financing and processes more than $350 billion (described elsewhere as over $351 billion) in tokenized real-asset transactions daily. DLX extends this foundation beyond repo into a broader platform covering tokenization, trading, settlement, servicing, governance, custody, and distribution across multiple asset classes.