Broadridge DLR
Distributed Ledger Repo, or DLR, is the Broadridge platform for processing repurchase agreements on the Canton blockchain. In a repo, one party sells securities and agrees to buy them back later, providing short-term financing backed by those securities. Broadridge, a US provider of post-trade technology, built DLR for banks and dealers that carry out these transactions.
DLR uses distributed ledger technology and smart contracts to coordinate the securities and cash movements and later steps in a repo. Counterparties work from shared transaction records, with visibility into the status of collateral and settlement. The platform connects blockchain processing with existing post-trade systems, helping institutions manage transactions throughout their lifecycle.
Repo processing on the Canton blockchain
Broadridge says DLR "uses blockchain-enabled distributed ledger technology and smart contracts to automate end-to-end repo lifecycle processing." In a repo, one firm sells securities to another for cash and agrees to buy them back later. DLR separates the collateral from the trade agreement, which Broadridge says speeds up intraday repo, a trade that lasts only hours within one day. Broadridge names tokenized US Treasuries as collateral that DLR handles.
Broadridge is listed on the New York Stock Exchange under the ticker BR and has around 16,000 employees in 28 countries, according to its press release on the June 2026 volume. In that month DLR processed 7.5 trillion dollars, an average of 357 billion dollars a day.
DLR on the Canton Network
DLR moved to the Canton blockchain in 2023 and is part of the Canton Network. Broadridge used the same ledger for the first US digital bond of Societe Generale, issued by SG-FORGE. Broadridge and Digital Asset, the company behind Canton, both invested in HQLAX, which runs collateral swaps on Canton.
Broadridge has extended DLR beyond US Treasuries to government bonds of other G7 countries, Finance Magnates reported. According to the same report, firms keep their existing systems and connect them to DLR.
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What is Broadridge DLR?
DLR, short for Distributed Ledger Repo, is a Broadridge platform that runs repo trades on a distributed ledger, using smart contracts for each step from trade to settlement.
Which blockchain does Broadridge DLR use?
DLR moved to the Canton blockchain in 2023 and is part of the Canton Network.
What is intraday repo?
An intraday repo is a repurchase agreement that starts and ends on the same day. Broadridge says DLR speeds up such trades by separating the collateral from the trade agreement.
Repo and collateral
Tokenized capital markets
Broadridge DLR and Finance Loop
Finance Loop covers tokenized repo and collateral in the Investment & Digital Assets track, and the cash leg of those trades in Payments & Digital Money.
Finance Loop is a professional network supporting the institutional use of emerging technologies in finance, such as AI, digital payments, cloud and blockchain solutions. Finance Loop helps its members build skills and personal networks in these fields: Investment & Digital Assets, Payments & Digital Money, Digital Infrastructure & Sovereignty, and Risk & Compliance.