Broadridge Hits $365 Billion in Daily Repos in July

Securities operations services and systems provider Broadridge Financial Solutions reports that its Distributed Ledger Repo (DLR) has processed “an average of $365 billion in daily repo transactions during July, with volumes totaling $8.0 trillion,” a 28 percent increase year-over-year, officials say. The daily average reflects “the continued evolution of tokenized market infrastructure and the…