Broadridge Financial Solutions has announced the launch of DLX, a fully integrated tokenization and digital asset infrastructure platform built for institutional market participants. The Broadridge DLX platform enables financial institutions to operate across both tokenized and traditional markets through a connected operating layer that spans on-chain and off-chain activity. The platform is launching with capabilities to connect to the DTCC Tokenization Service via Canton and other networks, with broader use cases expected to follow.
Horacio Barakat, Global Head of Digital Innovation at Broadridge, said that tokenization is increasingly becoming the foundation of more programmable, connected and always-on financial markets. He noted that the Broadridge DLX platform gives market participants an accelerated pathway to operating on chain without sacrificing the controls, connectivity and operating models they rely on today.
How the Tokenization Platform Extends Broadridge’s Digital Asset Infrastructure
DLX builds on Broadridge’s established Distributed Ledger Repo capability for collateral mobility and securities financing, which processes more than $350 billion in daily activity across thousands of transactions. The new digital asset infrastructure extends that foundation into a broader multi-asset tokenization platform supporting issuance, trading, settlement, servicing, custody, governance and distribution.
The Broadridge DLX platform supports asset classes including bonds, equities, funds, private markets and money market instruments within a single consistent framework. By connecting tokenized workflows and a growing partner network with established market systems, DLX is designed to help firms reduce the complexity of operating on chain.
Through a modular, multi-chain architecture, the platform supports the full lifecycle of tokenized assets. Issuers can mint, issue, service, transact in and distribute tokenized financial instruments. Banks and broker-dealers can connect issuance, trading, transaction orchestration, settlement custody workflows and market infrastructure. Asset managers can tokenize and issue funds and investment products on-chain while connecting with institutional, intermediary and wealth management distribution channels. Institutional investors can access and transact in eligible tokenized products, and wealth management firms can integrate access to eligible tokenized assets and on-chain market capabilities into existing advisory and client-service models.
Institutional Orchestration Layer and Custody Models
At the centre of DLX sits 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 allows financial institutions to integrate tokenized asset activity into existing operating models without managing fragmented on-chain infrastructure independently.
The Broadridge DLX platform supports self-custody, third-party custody and hybrid custody models. This flexibility enables clients to determine how tokenized 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 tokenization platform, DLX is designed to reduce fragmentation across the tokenized asset lifecycle and expand access to new distribution models for financial institutions operating in evolving digital asset markets. The settlement custody capabilities embedded within the platform round out its end-to-end positioning across the institutional value chain.