Broadridge Expands Digital Asset Platform in US

Broadridge Financial Solutions has expanded its digital asset platform to US broker-dealers, registered investment advisers and wealth managers. The digital asset platform enables firms to offer cryptocurrencies and tokenized securities alongside traditional investments through existing trading, custody, books-and-records and client-reporting systems. The platform supports tokenized equities, investment funds, fixed-income products and private or alternative assets. It can serve advisor-led and self-directed accounts and supports omnibus, segregated and multi-custodian wallet structures. Broadridge will provide operational functions including trade confirmations, statements, reporting and tax workflows. Anchorage Digital will provide institutional custody and settlement services, while Galaxy Digital will supply market infrastructure and liquidity. The US launch follows Broadridge’s expansion into Canada and builds on its DLX infrastructure platform for issuing, trading, financing, settling, servicing and distributing tokenized securities across blockchain networks. Broadridge said its Distributed Ledger Repo platform processes more than $351 billion in tokenized real assets daily. It also reported $8 trillion in July volume, equal to average daily activity of about $365 billion. However, the company did not name US wealth firms using the service or disclose revenue targets and transaction volumes tied to the launch. For crypto traders, the digital asset platform rollout is a long-term institutional adoption signal rather than an immediate demand catalyst. Broader access to custody, liquidity and tokenized securities could improve market infrastructure, but the near-term impact on cryptocurrency prices is likely limited.