Broadridge sees growth potential in tokenization despite challenges

The post-trade giant's distributed ledger repo platform averaged $359 billion a day in September, and it is betting that tokenization adds business rather than replacing it Tokenization was supposed to be the thing that disrupted the plumbing of Wall Street. Broadridge, which builds a lot of that plumbing, is making a different case: the new pipes still need a plumber. According to a CNBC report, tokenization is creating more business for Broadridge, not less. The company’s Distributed Ledger Repo platform processed roughly $360 billion of tokenized collateral per day in September.