Broadridge Expands Crypto and Tokenized Asset Platform to U.S. Wealth Firms

1 hour ago 2 sources positive

Key takeaways:

  • Broadridge's U.S. digital asset push signals deeper institutional integration for BTC and ETH adoption.
  • Tokenized securities may reduce crypto stigma, but custody and regulatory hurdles still cap near-term adoption.
  • Watch U.S. wealth platforms integrating DLX; adoption could shift crypto toward portfolio allocation.

NYSE-listed Broadridge Financial Solutions has expanded its digital asset platform into the United States, enabling broker-dealers, registered investment advisers and wealth managers to place cryptocurrencies and tokenized securities alongside traditional investments within existing books-and-records systems. The U.S. rollout, announced on Sept. 14, follows an initial launch in Canada in April and builds on the DLX infrastructure platform introduced on Sept. 9.

The platform is designed to avoid separate crypto-only records, supporting both advisor-led and self-directed accounts while preserving tax reporting, confirmations, statements, regulatory reporting, custody, governance and proxy voting. Tom Carey, Broadridge’s global head of product and technology, said digital assets are "moving from the margins to the mainstream investment conversations for U.S. investors, advisors and wealth managers."

Anchorage Digital will provide institutional custody and settlement, while Galaxy supplies digital asset market infrastructure and liquidity. Nathan McCauley, CEO of Anchorage Digital, said crypto is "no longer a side conversation in wealth management," and Galaxy founder Mike Novogratz highlighted combining Galaxy’s market infrastructure with Broadridge’s wealth platform. Broadridge said the partner ecosystem can expand beyond initial providers, with support for multiple custodians and both omnibus and segregated wallet structures.

Broadridge’s existing Distributed Ledger Repo service processes more than $351 billion in tokenized real assets daily, and the company reported $8 trillion processed in July at an average daily volume of $365 billion. The expansion supports tokenized equities, investment funds, fixed income and private assets, connecting traditional systems to on-chain markets through DLX and potentially to DTCC’s Tokenization Service via Canton. Broadridge did not name U.S. wealth firms that have adopted the service yet.

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