Wall Street's blockchain adoption accelerates as Broadridge rolls out tokenized asset support
Financial technology provider Broadridge has integrated tokenized securities capabilities into its trading and settlement infrastructure as the industry accelerates blockchain adoption.
Broadridge Financial Solutions announced it has enhanced its infrastructure capabilities to accommodate tokenized securities in addition to conventional assets, marking another milestone in the financial industry's accelerating shift toward blockchain-based trading and settlement infrastructure.
The institutional securities market-focused financial technology provider revealed on Tuesday that its platform has been upgraded to handle tokenized equities, funds, alternative assets and money market instruments throughout trading, order routing and post-trade operations workflows.
The company, which trades on the New York Stock Exchange, further disclosed that the enhanced system establishes connections to both public and permissioned blockchain networks, including chains compatible with Ethereum and Canton. A day earlier, on Monday, the firm announced it had launched an Agentic AI platform designed for capital markets and wealth management workflows.
According to Broadridge, its Distributed Ledger Repo platform presently tokenizes in excess of $365 billion worth of assets on a daily basis, while the company's broader infrastructure handles more than $15 trillion in securities transactions each day.
The upgraded infrastructure will enable financial institutions to handle tokenized securities, fractionalized assets and crypto-related holdings in parallel with traditional financial instruments through identical settlement, reconciliation, reporting and compliance workflows, the company stated.
The platform additionally supports corporate actions, proxy voting and governance processes for both tokenized and traditional assets, according to Broadridge.
Tokenized Treasury market continues to expand
The infrastructure enhancement by Broadridge arrives amid ongoing expansion by financial institutions and cryptocurrency firms in tokenized investment products and blockchain-powered market infrastructure.
In a separate announcement on Tuesday, Franklin Templeton and Payward, the parent company of Kraken, revealed they are working together on tokenized investment products and institutional digital asset infrastructure development.
The partnership will focus on exploring the launch of tokenized yield-focused products and incorporating Franklin Templeton's BENJI tokenized money market funds into the Kraken platform, the companies disclosed. Payward reported that its xStocks tokenized equities framework has facilitated more than $30 billion in trading volume since its debut last year.
In yet another Tuesday announcement, the Depository Trust & Clearing Corporation revealed its intentions to incorporate Chainlink infrastructure into a blockchain-powered collateral management platform engineered to enable near real-time settlement and asset movement throughout financial markets.
According to data tracked by RWA.xyz, tokenized real-world assets deployed across blockchain networks have expanded to exceed $32 billion, with tokenized Treasury products, commodities and private credit markets leading the growth.
Tokenized US Treasury products by themselves have expanded to approximately $16 billion in distributed value, with dominant offerings coming from BlackRock, Franklin Templeton and Ondo Finance.
