Broadridge Expands Digital Assets Platform to U.S. Wealth Management Firms

Broadridge Financial Solutions, Inc., a global technology leader, has expanded its next-generation digital assets platform to the U.S. market, enabling wealth management firms to offer cryptocurrencies and tokenized securities alongside traditional investments. This move marks a significant step in integrating digital assets into mainstream wealth management, reflecting the growing interest and demand for digital assets among U.S. investors, advisors, and wealth managers.

The platform, which was initially launched in Canada, now supports a wide range of digital assets, including cryptocurrencies and tokenized real-world assets such as equities, funds, and private or alternative investments. It is built on Broadridge's market-leading tokenization and digital assets infrastructure platform, DLX, and is designed to integrate seamlessly with existing wealth management systems and workflows.

It supports both advisor-led and self-directed wealth management models, offering flexibility and control to firms as they navigate the evolving digital asset landscape.

Broadridge's platform is supported by a growing ecosystem of providers, including Anchorage Digital and Galaxy Digital. These partners bring institutional-grade custody and settlement capabilities to the platform, ensuring that U.S. wealth managers can offer their clients digital assets with the same trust and rigor as traditional investments. The platform also integrates with existing books and records systems, regulatory reporting, statements, confirms, and tax services, allowing firms to leverage their existing infrastructure.

"Nathan McCauley, CEO and Co-Founder of Anchorage Digital, expressed pride in bringing institutional-grade custody and settlement to Broadridge's platform, stating, 'Crypto is no longer a side conversation in wealth management; it's the conversation. As America's first federally chartered digital asset bank, we are pleased to support Broadridge's efforts to bring digital assets to the mainstream.'"

Broadridge's integrated digital asset capabilities include support for cryptocurrencies and tokenized real-world assets, flexible support for both advisor-led and self-directed wealth management models, and integration with existing books and records systems. The platform also offers a unified client experience, with integrated disclosure, governance, and compliance-support capabilities, including both retail and institutional proxy voting and critical regulatory disclosures.

The platform's infrastructure is designed to support the continuous, always-on nature of digital asset markets and operations, ensuring that firms can process trading, custody, asset servicing, communications, governance, and proxy voting in a seamless and efficient manner. This integration is expected to simplify the investment lifecycle for U.S. wealth managers, expanding investor choice while maintaining the controls, service model, and experience their businesses require.

In conclusion, Broadridge's expansion of its digital assets platform to the U.S. market represents a significant step in the integration of digital assets into mainstream wealth management. By providing a unified platform that supports both traditional and digital assets, the company is well-positioned to meet the evolving needs of U.S. investors, advisors, and wealth managers.