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Broadridge Financial Solutions has completed a collaboration with blockchain-based wholesale payments provider Fnality, introducing real-time settlement capabilities for intraday repo transactions through interoperability between Broadridge’s Distributed Ledger Repo (DLR) platform and the Fnality Payment System (FnPS). The integration brings digital representations of central bank funds into Broadridge’s DLR, allowing for delivery versus payment (DvP) settlement on a near-instantaneous basis.
The joint initiative aims to improve liquidity and operational efficiency for both U.S. and European markets, where settlement delays have historically created risk and capital inefficiencies. By using central bank-backed digital cash as a settlement rail, institutions can perform secure, real-time intraday settlements across borders and time zones.
“Expanding our DLR platform interoperability to digital cash solutions”
Horacio Barakat, Head of Capital Markets Innovation at Broadridge, commented, “This leap forward is a key milestone in expanding our DLR platform interoperability to digital cash solutions and underscores our commitment to delivering innovative, cutting-edge solutions for our clients. Together with Fnality, our solution will empower institutions to simplify and optimize their liquidity management, reduce operational risk, and drive greater efficiency in repo transactions.”
Michelle Neal, CEO of Fnality International, commented, “The move towards instantaneous settlement will be pivotal in strengthening the financial sector’s growth and global competitiveness. Fnality and Broadridge are at the forefront of this evolution, providing the critical infrastructure needed to support accelerated settlement and unlock new efficiencies across global financial markets.”
Broadridge’s DLR platform automates and optimizes the repo trade lifecycle using distributed ledger technology, and with this enhancement, can now leverage tokenized liquidity for real-time clearing and settlement. Fnality’s FnPS provides a regulated, blockchain-based infrastructure for wholesale digital cash payments, with each system backed by funds held at central banks.
This development supports Broadridge’s plans to grow its DLR presence in Europe and aligns with Fnality’s goal to expand beyond the UK, prioritizing the U.S. market for its digital payment infrastructure. The initiative comes as global institutions continue to push for faster settlement, reduced counterparty risk, and improved capital utilization across asset classes.
The Sterling FnPS became the world’s first regulated DLT-based wholesale payment system in December 2023, recognized by HM Treasury as systemically important. Fnality’s network of shareholders includes major global financial institutions such as Goldman Sachs, Barclays, UBS, BNY Mellon, and State Street.
Broadridge Launched Digital Asset Solutions
Earlier this week, Broadridge announced the launch of Broadridge Digital Asset Solutions, a set of tools designed to help financial institutions scale their digital asset strategies while meeting regulatory requirements across jurisdictions.
The launch reflects growing pressure on financial institutions to meet increasing demand for standardized disclosures, consistent governance structures, and better education tools in the crypto and tokenized asset sectors. Broadridge intends to serve firms across both traditional and decentralized finance by delivering technology that supports compliance, operational scaling, and transparency.
The company’s newly released ClearFi product is a central component of the offering. Launched in October 2024, ClearFi provides broker-dealers, exchanges, and wallet providers with tools to share accessible digital asset information. This includes both on-chain and off-chain content, covering assets such as cryptocurrencies, stablecoins, and DeFi tokens. According to Broadridge, ClearFi consolidates data from hundreds of sources into a consistent taxonomy that makes comparisons easier and supports informed investment decisions.
ClearFi was developed in response to feedback gathered through Broadridge’s Digital Asset Disclosure Survey. The findings revealed that most investors lack access to baseline information necessary for evaluating digital assets, particularly due to fragmentation between blockchain-based and off-chain data. The new platform addresses this challenge by delivering structured insights through a familiar disclosure framework.
Broadridge stated that its digital asset services will support compliance with both current and anticipated regulation across multiple markets, while improving communication between financial intermediaries and their clients. The solution is positioned as a way to standardize governance and disclosure practices in a segment that continues to expand rapidly but remains uneven in terms of transparency.
Broadridge Financial Solutions, headquartered in New York and listed on the NYSE under the symbol BR, provides investor communications and technology-driven governance solutions to banks, broker-dealers, asset managers, and corporates. The launch of Broadridge Digital Asset Solutions reflects its broader effort to adapt these services to the fast-developing crypto and digital asset sectors, with a focus on regulation, scalability, and investor communication.
