Broadridge's Distributed Ledger Repo Platform Achieves 508% Year Over Year Growth in January
Rhea-AI Summary
Broadridge (NYSE: BR) reported that its Distributed Ledger Repo (DLR) platform processed an average daily volume of $365 billion in January 2026 and $7.3 trillion in total volumes for the month. The January ADV represents a 508% year‑over‑year increase, signaling accelerated institutional adoption of tokenized repo settlement.
The company said DLR is expanding beyond foundational repo into sponsored and intraday repo use cases, targeting intraday funding, enhanced collateral mobility, and additional tokenized asset classes while emphasizing interoperability and resilience.
Positive
- ADV $365B in January 2026
- $7.3T total January volumes
- 508% YoY ADV growth vs January 2025
- Expansion into intraday and sponsored repo workflows
Negative
- None.
Key Figures
Market Reality Check
Peers on Argus
BR fell 2.88% while key IT services peers also traded lower: LDOS -11.15%, GIB -6.91%, CTSH -4.77%, FIS -4.32%, and WIT -3.63%. Despite broad peer weakness, the momentum scanner did not flag a coordinated sector move, suggesting company-specific factors may be interacting with a weak tape.
Historical Context
| Date | Event | Sentiment | Move | Catalyst |
|---|---|---|---|---|
| Feb 06 | CQG acquisition deal | Positive | -6.0% | Agreement to acquire CQG to expand global futures and options trading suite. |
| Feb 06 | CQG acquisition terms | Positive | -6.0% | Details on CQG acquisition, integration with Broadridge trading and connectivity stack. |
| Feb 04 | Investor conferences | Neutral | +2.2% | CEO fireside chat and investor meetings scheduled at Miami events. |
| Feb 03 | Q2 FY26 earnings | Positive | -6.3% | Q2 results with revenue and EPS growth and raised adjusted EPS guidance. |
| Feb 02 | Board changes | Neutral | +0.6% | Board expanded to 10 members with two new directors and one planned resignation. |
Recent history shows a pattern where ostensibly positive fundamental updates (earnings growth, acquisitions) coincided with notable share price declines, while neutral governance and investor-relations headlines saw modest gains. This suggests investors have often sold into good news over the past two weeks, a backdrop to consider when evaluating today’s positive DLR growth announcement.
Over the past two weeks, Broadridge reported strong Q2 FY2026 results on Feb 3 with revenue and EPS growth and higher guidance, yet shares fell about 6%. On Feb 6, the company announced an acquisition of CQG to build an end-to-end trading suite; the stock again declined roughly 6%. Board refresh actions on Feb 2 and investor-event participation on Feb 4 saw modest positive reactions. Today’s DLR repo volume update fits into a sequence of strategically positive, technology- and growth-focused news.
Regulatory & Risk Context
The company has an effective S-3ASR shelf registration dated 2025-08-05, expiring 2028-08-05. It remains unused to date, with 0 recorded takedowns, indicating no disclosed issuance under this shelf so far.
Market Pulse Summary
This announcement underscores rapid adoption of Broadridge’s DLR platform, with January 2026 daily repo volumes averaging $365 billion and totaling $7.3 trillion, a 508% year-over-year increase. In the weeks leading up to this, Broadridge reported strong earnings and an acquisition, yet share reactions were mixed. Investors evaluating this news may focus on the durability of tokenization-driven volume, how it complements recent digital asset revenues, and the existence of an effective, unused S-3ASR shelf when assessing longer-term capital structure choices.
Key Terms
distributed ledger technical
tokenized technical
repo financial
collateral financial
liquidity management financial
tokenization technical
AI-generated analysis. Not financial advice.
January 2026 ADV of
"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, said Horacio Barakat, Head of Digital Innovation at Broadridge. "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."
DLR continues to expand beyond foundational repo workflows into more complex institutional use cases, including sponsored and intraday repo, supporting the efficient movement of high-quality collateral throughout the trading day. These capabilities support greater precision in liquidity management, helping reduce financing costs and improve liquidity across the securities lending market.
As innovation and market momentum push tokenization into its next phase, institutions are increasingly relying on trusted infrastructure partners to support this evolution. Broadridge is unlocking new opportunities across global capital markets by connecting traditional and digital financial ecosystems. To learn more, please visit Broadridge's DLR platform.
About Broadridge
Broadridge Financial Solutions (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 7 billion communications annually and underpin the daily average trading of over
For more information about us, please visit www.broadridge.com.
Media Contact:
Linda.Namias@Broadridge.com
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SOURCE Broadridge Financial Solutions, Inc.