Broadridge has massive experience providing solutions to traditional finance (TradFi) firms. It has launched Broadridge Digital Assets Solutions, enabling it to both service TradFi firms leaning into digital assets in the Trump crypto friendly era, as well as new players such as crypto exchanges and crypto custodians. The solution helps institutions with disclosure and compliance requirements.
While crypto clarity is a work in progress in the United States, Congress has started developing a market infrastructure bill. It’s extremely likely that some kind of disclosures to investors will be a requirement for certain cryptos, even if where the crypto-assets are not considered securities. MiCAR in Europe has these sorts of requirements already.
Hence, rather than every institution reinventing the wheel, Broadridge offers its ClearFi product launched last year, which enables institutions to provide disclosure data to investors on the various cryptocurrencies and tokenized assets that they plan to offer. It combines off chain and on chain data.
“By leveraging our trusted expertise in data, governance solutions, and investor communications we are helping clients provide useful information to investors and participants in the crypto and digital assets space, furthering the democratization of investing,” said Mike Tae, Co-President of Broadridge’s Investor Communication Solutions Business. “Broadridge’s new Digital Asset Solutions will enable investors to better access, understand, and monitor these digital assets across the full range of intermediaries and exchanges offering these products.”
Meanwhile, one of the key Broadridge activities in tokenization is its Distributed Ledger Repo (DLR) solution. With transaction volumes reaching $1.5 trillion monthly, it’s one of the larger distributed ledger projects.
