HSBC Next Client to Go Live on Broadridge's Newly Launched Distributed Ledger Sponsored Repo Solution

NEW YORK, Nov. 15, 2023 /PRNewswire/ -- Further expanding the network across the global repo market, Global Fintech leader Broadridge Financial Solutions, Inc. (NYSE:BR), today announced that HSBC is the next client to successfully go live on the newly launched sponsored repo solution built on Broadridge's DLT enabled Distributed Ledger Repo (DLR) platform. Leveraging the platform's initial successes and harnessing its expanding network within the global repo community, this milestone represents a major leap towards delivering substantial benefits to clients. Through distributed ledger technology and smart contracts, clients can anticipate substantial reductions in settlement costs, streamlined processes, enhanced scalability, and a marked decrease in operational risks. HSBC is the second client to go live since the launch of the sponsored repo solution in early October.

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