Key Takeaways
- • Broadridge has expanded its digital assets platform to the U.S. wealth management market, following an earlier launch in Canada, serving broker-dealers, registered investment advisers and wealth managers.
- • The platform lets firms offer cryptocurrencies and tokenized securities alongside traditional investments through a unified operating model, initially supported by Anchorage Digital and Galaxy Digital.
- • Broadridge's Digital Ledger Repo (DLR) solution processes $350 billion+ in daily repo activity, according to Chief Digital Officer Rob Krugman.
- • Krugman anticipates many broker-dealers will enable digital asset access over the next year by integrating wallets, custody and trading with existing books and records.
- • Krugman argues firms need custody, wallets, client reporting, tax support and always-on operating infrastructure, not just trading capability.
Summary
Broadridge has expanded its digital assets platform to the U.S. wealth management market, following its launch in Canada. The expansion, announced on Monday, September 14, targets broker-dealers, registered investment advisers and wealth managers. According to Chief Digital Officer Rob Krugman, the platform is designed to let firms offer cryptocurrencies and tokenized securities alongside traditional investments through a unified operating model, allowing advisors, investors and operational staff to work within familiar systems and giving wealth managers a complete view of client relationships and holdings without managing multiple platforms.
The platform is initially supported by Anchorage Digital and Galaxy Digital and covers cryptocurrencies as well as tokenized real-world assets, including equities, funds and private or alternative investments. Broadridge provides this infrastructure through its DLX platform. Krugman said Broadridge is seeing significant demand in repo financing, with its Digital Ledger Repo (DLR) solution processing $350 billion+ in daily repo activity. The firm also reports momentum in tokenized funds, particularly money market funds, and growing interest in tokenized equities, alternatives and private investments.
Krugman identified access as a constraint: broker-dealers have not yet built the infrastructure needed to let clients participate. He expects many broker-dealers to change this over the next year by integrating wallets, custody and trading capabilities with existing books and records and account structures. He stressed that the operational requirements extend beyond trading. Firms need secure custody and wallets, client reporting and tax support, the same supervision, disclosure and governance applied to traditional assets, and orchestration across multiple custodians and liquidity providers.
Krugman also noted that digital asset markets operate continuously, requiring "always-on" infrastructure to manage capital, liquidity, risk and servicing outside traditional hours. Broadridge's platform includes integrated wallets and institutional-grade custody, with omnibus and segregated wallet structures and multi-custodian capabilities, and can support regulatory reporting, statements, confirmations and tax. Krugman expects crypto to remain a distinct allocation for many clients while tokenization becomes part of the infrastructure through which funds, equities and private investments are issued and serviced. "We believe the future is a hybrid model," he said.
The platform is initially supported by Anchorage Digital and Galaxy Digital and covers cryptocurrencies as well as tokenized real-world assets, including equities, funds and private or alternative investments. Broadridge provides this infrastructure through its DLX platform. Krugman said Broadridge is seeing significant demand in repo financing, with its Digital Ledger Repo (DLR) solution processing $350 billion+ in daily repo activity. The firm also reports momentum in tokenized funds, particularly money market funds, and growing interest in tokenized equities, alternatives and private investments.
Krugman identified access as a constraint: broker-dealers have not yet built the infrastructure needed to let clients participate. He expects many broker-dealers to change this over the next year by integrating wallets, custody and trading capabilities with existing books and records and account structures. He stressed that the operational requirements extend beyond trading. Firms need secure custody and wallets, client reporting and tax support, the same supervision, disclosure and governance applied to traditional assets, and orchestration across multiple custodians and liquidity providers.
Krugman also noted that digital asset markets operate continuously, requiring "always-on" infrastructure to manage capital, liquidity, risk and servicing outside traditional hours. Broadridge's platform includes integrated wallets and institutional-grade custody, with omnibus and segregated wallet structures and multi-custodian capabilities, and can support regulatory reporting, statements, confirmations and tax. Krugman expects crypto to remain a distinct allocation for many clients while tokenization becomes part of the infrastructure through which funds, equities and private investments are issued and serviced. "We believe the future is a hybrid model," he said.
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