Broadridge Collaborates with Fnality to Enable Real-Time Settlement for Intraday Repo Transactions
Broadridge Financial Solutions (NYSE: BR) has successfully completed a collaboration with Fnality to enable real-time settlement for intraday repo transactions. The partnership demonstrates interoperability between Broadridge's Distributed Ledger Repo (DLR) platform and Fnality's Payment System (FnPS), utilizing blockchain technology and digital representation of central bank funds.
The collaboration aims to deliver real-time delivery versus payment (DvP) settlement, bringing enhanced efficiency, liquidity, and risk reduction to financial markets in both the U.S. and Europe. This development addresses the industry's growing demand for faster and more secure settlements while supporting Broadridge's expansion of its DLR client base in Europe.
The initiative aligns with Fnality's plans to extend its regulated DLT-based wholesale payment system beyond the UK, with the U.S. as a priority market.
Broadridge Financial Solutions (NYSE: BR) ha completato con successo una collaborazione con Fnality per abilitare la liquidazione in tempo reale delle transazioni intraday di repo. La partnership dimostra l'interoperabilità tra la piattaforma Distributed Ledger Repo (DLR) di Broadridge e il Sistema di Pagamento di Fnality (FnPS), utilizzando la tecnologia blockchain e la rappresentazione digitale dei fondi delle banche centrali.
La collaborazione mira a fornire una liquidazione in tempo reale rispetto al pagamento (DvP), portando maggiore efficienza, liquidità e riduzione del rischio ai mercati finanziari sia negli Stati Uniti che in Europa. Questo sviluppo risponde alla crescente domanda del settore per liquidazioni più rapide e sicure, supportando nel contempo l'espansione della clientela DLR di Broadridge in Europa.
L'iniziativa è in linea con i piani di Fnality di estendere il suo sistema di pagamento all'ingrosso basato su DLT regolamentato oltre il Regno Unito, con gli Stati Uniti come mercato prioritario.
Broadridge Financial Solutions (NYSE: BR) ha completado con éxito una colaboración con Fnality para habilitar la liquidación en tiempo real de las transacciones intradía de repo. La asociación demuestra la interoperabilidad entre la plataforma Distributed Ledger Repo (DLR) de Broadridge y el Sistema de Pagos de Fnality (FnPS), utilizando tecnología blockchain y la representación digital de los fondos del banco central.
La colaboración tiene como objetivo ofrecer una liquidación en tiempo real frente al pago (DvP), aportando mayor eficiencia, liquidez y reducción de riesgos a los mercados financieros tanto en EE. UU. como en Europa. Este desarrollo aborda la creciente demanda del sector por liquidaciones más rápidas y seguras, al tiempo que apoya la expansión de la base de clientes DLR de Broadridge en Europa.
La iniciativa se alinea con los planes de Fnality de extender su sistema de pago mayorista basado en DLT regulado más allá del Reino Unido, siendo EE. UU. un mercado prioritario.
브로드리지 파이낸셜 솔루션즈 (NYSE: BR)는 파날리티와 협력하여 인트라데이 레포 거래에 대한 실시간 정산을 성공적으로 완료했습니다. 이 파트너십은 브로드리지의 분산 원장 레포(DLR) 플랫폼과 파날리티의 결제 시스템(FnPS) 간의 상호 운용성을 보여주며, 블록체인 기술과 중앙은행 자금의 디지털 표현을 활용합니다.
이 협력은 실시간 인도 대 결제(DvP) 정산을 제공하는 것을 목표로 하여, 미국과 유럽의 금융 시장에 더 높은 효율성, 유동성 및 위험 감소를 가져옵니다. 이 발전은 더 빠르고 안전한 정산에 대한 업계의 증가하는 수요를 해결하며, 브로드리지의 유럽 내 DLR 고객 기반 확장을 지원합니다.
이 이니셔티브는 파날리티가 영국을 넘어 규제된 DLT 기반 도매 결제 시스템을 확장할 계획과 일치하며, 미국이 우선 시장으로 설정되어 있습니다.
Broadridge Financial Solutions (NYSE: BR) a réussi à finaliser une collaboration avec Fnality pour permettre le règlement en temps réel des transactions de repo intrajournalières. Ce partenariat démontre l'interopérabilité entre la plateforme Distributed Ledger Repo (DLR) de Broadridge et le Système de Paiement de Fnality (FnPS), en utilisant la technologie blockchain et la représentation numérique des fonds des banques centrales.
La collaboration vise à offrir un règlement en temps réel contre paiement (DvP), apportant une efficacité, une liquidité et une réduction des risques accrues aux marchés financiers tant aux États-Unis qu'en Europe. Ce développement répond à la demande croissante du secteur pour des règlements plus rapides et plus sûrs, tout en soutenant l'expansion de la clientèle DLR de Broadridge en Europe.
L'initiative s'inscrit dans les plans de Fnality d'étendre son système de paiement de gros basé sur DLT réglementé au-delà du Royaume-Uni, avec les États-Unis comme marché prioritaire.
Broadridge Financial Solutions (NYSE: BR) hat erfolgreich eine Zusammenarbeit mit Fnality abgeschlossen, um die Echtzeit-Abwicklung von Intraday-Repo-Transaktionen zu ermöglichen. Die Partnerschaft demonstriert die Interoperabilität zwischen Broadridges Distributed Ledger Repo (DLR)-Plattform und dem Zahlungssystem von Fnality (FnPS), wobei Blockchain-Technologie und digitale Repräsentation von Zentralbankgeldern genutzt werden.
Die Zusammenarbeit zielt darauf ab, eine Echtzeit-Lieferung gegen Zahlung (DvP) Abwicklung bereitzustellen, die die Effizienz, Liquidität und Risikominderung auf den Finanzmärkten in den USA und Europa verbessert. Diese Entwicklung adressiert die wachsende Nachfrage der Branche nach schnelleren und sichereren Abwicklungen und unterstützt gleichzeitig die Expansion von Broadridges DLR-Kundenbasis in Europa.
Die Initiative steht im Einklang mit den Plänen von Fnality, sein reguliertes DLT-basiertes Großhandelszahlungssystem über das Vereinigte Königreich hinaus auszudehnen, wobei die USA als priorisierter Markt gelten.
- Implementation of real-time settlement capability enhances operational efficiency
- Strategic expansion of DLR client base in Europe
- Reduced operational risk through blockchain-based settlement system
- Market expansion opportunity in U.S. and European financial markets
- None.
Insights
Broadridge's partnership with Fnality represents a significant strategic advancement in financial market infrastructure modernization, specifically tackling the critical but often overlooked repo market. This collaboration enables real-time delivery versus payment (DvP) settlement of intraday repo transactions, addressing fundamental industry pain points around settlement efficiency and liquidity management.
The technical achievement here shouldn't be underestimated - successfully demonstrating interoperability between Broadridge's Distributed Ledger Repo platform and Fnality's Payment System creates a path toward fully tokenized financial transactions using digital representations of central bank funds. This effectively eliminates counterparty risk and dramatically compresses settlement timeframes from days to potentially minutes.
Strategically, this positions Broadridge to expand its European DLR client base while simultaneously preparing for the U.S. market's inevitable evolution toward real-time settlement. The technology aligns perfectly with global regulatory pushes for more resilient and efficient capital markets infrastructure, particularly following recent settlement challenges in traditional systems.
For investors, this reflects Broadridge's continued execution on its technology leadership strategy in capital markets infrastructure - an area with high barriers to entry and sticky institutional relationships. While immediate revenue impact isn't quantified, this strengthens Broadridge's competitive positioning in a critical growth segment of financial technology.
This Broadridge-Fnality collaboration addresses a critical gap in financial markets infrastructure by enabling real-time settlement for repo transactions - a vital but unsexy cornerstone of financial market liquidity. Repo markets, where financial institutions temporarily exchange securities for cash, represent trillions in daily transactions that currently operate with antiquated settlement mechanisms.
What makes this particularly compelling is the use of tokenized central bank funds as the settlement rail. This is not just incremental improvement but potentially transformative technology that eliminates both counterparty and settlement risk. By moving from T+1 or T+2 settlement cycles to instantaneous DvP, Broadridge tackles a major inefficiency in how financial institutions manage intraday liquidity.
The strategic implications extend beyond technical innovation. Broadridge is positioning itself at the intersection of regulated finance and blockchain technology - creating enterprise-grade infrastructure that bridges traditional and digital finance. Their explicit focus on expanding the European DLR client base while preparing for U.S. market adoption demonstrates a methodical cross-border growth strategy in institutional financial services.
For Broadridge shareholders, this represents continued execution on their strategy of owning critical financial infrastructure with high barriers to entry. While the revenue impact timing remains uncertain, this positions them to capture value as financial institutions increasingly prioritize real-time settlement capabilities and liquidity optimization.
Fnality's digital representation of funds held at central banks serves as a settlement rail for Broadridge's DLR platform bringing greater efficiency, liquidity and risk reduction to financial markets in both the
"This leap forward is a key milestone in expanding our DLR platform interoperability to digital cash solutions and underscores our commitment to delivering innovative, cutting-edge solutions for our clients," said Horacio Barakat, Head of Capital Markets Innovation at Broadridge. "Together with Fnality, our solution will empower institutions to simplify and optimize their liquidity management, reduce operational risk and drive greater efficiency in repo transactions."
This successful use case marks a significant development in bringing greater efficiency, liquidity and risk reduction to financial markets in both the
"The move towards instantaneous settlement will be pivotal in strengthening the financial sector's growth and global competitiveness," said Michelle Neal, CEO of Fnality International. "Fnality and Broadridge are at the forefront of this evolution, providing the critical infrastructure needed to support accelerated settlement and unlock new efficiencies across global financial markets."
This initiative underscores Broadridge's strategic objective to expand its DLR client base in
For more information about Broadridge's DLR platform, please visit: https://www.broadridge.com/financial-services/capital-markets/transform-trade-life-cycle/distributed-ledger-repo
About Broadridge
Broadridge Financial Solutions (NYSE: BR), a global Fintech leader with more than
For more information about us and what we can do for you, please visit www.broadridge.com.
About Fnality
Fnality is developing a series of regulated DLT-based wholesale payment systems. Each system, known as a Fnality Payment System (FnPS), is supervised by its respective central bank.
Within a FnPS, participants utilise a digital representation of funds held at central banks for instant wholesale payments. The launch of FnPSs in key jurisdictions will enable real-time cross-currency payments, and the secure atomic settlement of any delivery versus payment transactions around the clock. The credit quality of the central bank funds underpinning Fnality Payment Systems provides the missing ingredient for novel digital asset markets: institutional-grade digital cash.
In December 2023, the Sterling FnPS, previously recognised by HM Treasury as a systemically important payment system, commenced controlled live payments. Joining a handful of other regulated payment systems in the
Fnality's shareholders comprise: Banco Santander, BNY Mellon, Barclays, BNP Paribas, CIBC, Commerzbank, DTCC, Euroclear, Goldman Sachs, ING, KBC Group, Lloyds Banking Group, Mizuho Financial Group, MUFG Bank, Nasdaq Ventures, Nomura, Sumitomo Mitsui Banking Corporation, State Street Corporation, UBS and WisdomTree.
For more information, please visit fnality.com
Broadridge Contacts:
Investors:
Edings Thibault
Head of Investor Relations, Broadridge
broadridgeir@broadridge.com
Media:
Gregg Rosenberg
Global Head of Corporate Communications
Gregg.Rosenberg@broadridge.com
Fnality Contact:
The PHA Group
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SOURCE Broadridge Financial Solutions, Inc.
FAQ
What is the purpose of Broadridge's collaboration with Fnality for repo transactions?
How will BR's DLR platform integration with Fnality benefit financial institutions?
What markets will Broadridge's DLR and Fnality partnership initially target?
What technology does Broadridge (BR) use for its repo settlement solution?
