Broadridge Launches DLX for Tokenized Finance

Broadridge Financial Solutions, Inc., a global technology leader, has unveiled DLX, a comprehensive digital asset infrastructure platform designed to facilitate the integration of tokenized finance into traditional markets. This new platform aims to provide financial institutions with a seamless way to operate across both on-chain and off-chain environments.

DLX, the operating system for tokenized finance, combines multiple capabilities into a single, unified framework. These include multi-chain enablement, a programmable smart contract composer, 24/7 transaction capabilities, integrated distribution, and institutional-grade workflow orchestration. The platform is designed to support a wide range of asset classes, from bonds and equities to private markets and money market instruments, all within a consistent framework for tokenization, governance, and operations.

The launch of DLX marks a significant step in Broadridge's efforts to support the growing trend of tokenization in financial markets. Horacio Barakat, the Global Head of Digital Innovation at Broadridge, stated, "Tokenization is increasingly becoming the foundation of more programmable, connected, and always-on financial markets. DLX provides market participants with an accelerated pathway to operating on-chain without sacrificing the controls, connectivity, and operating models they rely on today."

Building on Broadridge's established Distributed Ledger Repo (DLR) capability, DLX extends the company's tokenization infrastructure into a broader, multi-asset platform. This platform supports the full lifecycle of tokenized assets, from issuance and distribution to trading, settlement, servicing, and governance. By connecting tokenized workflows and a growing partner network with established market systems, DLX aims to reduce the complexity of operating on-chain and expand access to new distribution models.

DLX supports various market participants, including issuers, banks and broker dealers, asset managers, institutional investors, and wealth management firms. Issuers can mint, issue, service, transact in, and distribute tokenized financial instruments. Banks and broker dealers can connect their issuance, trading, transaction orchestration, settlement, servicing, custody, and market infrastructure workflows. Asset managers can tokenize and issue funds and investment products on-chain, automate lifecycle processes, and connect with institutional, intermediary, and wealth management distribution channels. Institutional investors can access and transact in eligible tokenized products, while wealth management firms can integrate access to these products into their existing advisory, platform, and client service models.

At the heart of DLX is an institutional orchestration layer that brings together tokenization, smart contract services, trading and execution workflows, settlement, books and records, custody, wallet infrastructure, and connectivity across digital asset markets, payment rails, compliance providers, custodians, and distribution channels. This layer enables firms to integrate tokenized asset activity into their existing operating models without having to manage the complexity of fragmented on-chain infrastructure themselves.

DLX supports self-custody, third-party custody, and hybrid custody models, allowing clients to determine how assets are held and administered based on their business strategy, risk framework, and regulatory requirements. By connecting issuers, investors, intermediaries, asset managers, and wealth distribution channels through a common platform, DLX is designed to reduce fragmentation across the tokenized asset lifecycle and expand access to new distribution models.

The platform's capabilities are initially integrated with the DTCC Tokenization Service via Canton and are expected to expand to other networks in the future. Broadridge's DLR, which processes more than $350 billion in daily activity across thousands of transactions, serves as the foundation for DLX, demonstrating the company's proven at-scale capability for collateral mobility and securities financing.

In conclusion, DLX represents a significant milestone in Broadridge's commitment to advancing tokenization and digital asset infrastructure. By providing a unified platform for tokenization, trading, settlement, servicing, governance, custody, and distribution, DLX is poised to drive innovation and operational resiliency in the financial services industry.