UBS goes live on Broadridge's New Distributed Ledger Sponsored Repo Solution

DLT powered solution built on Broadridge's distributed ledger repo platform drives cost savings and reduces operational risk for clients

NEW YORK, Oct. 2, 2023 /PRNewswire/ -- Global Fintech leader Broadridge Financial Solutions, Inc. (NYSE:BR), today announced that UBS successfully went live on Broadridge's newly launched sponsored repo solution built on the DLT enabled Distributed Ledger Repo (DLR) platform. This sponsored repo solution marks the launch of the next phase in the rollout of Broadridge's DLR platform. Continuing to build on the initial success of the platform and leveraging the growing expansion of the network across the global repo community, this is a major step forward to providing clients with significant settlement cost savings, process simplification, scalability, and reduction of operational risks via distributed ledger technology and smart contracts.

Read more at prnewswire.com