UBS has gone live on Broadridge’s newly launched sponsored repo solution, the next phase in the rollout of Broadridge’s DLT-enabled Distributed Ledger Repo (DLR) platform, which aims to provide clients with significant settlement cost savings, process simplification, scalability, and reduction of operational risks via distributed ledger technology and smart contracts.
This marks the latest milestone in executing on Broadridge’s vision of transforming the global repo market infrastructure and further demonstrating the power and value creation of DLR, according to the company.
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