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Broadridge Launches New Digital Asset Information Platform to Help Financial Intermediaries Comply with Regulatory Guidelines

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Broadridge Financial Solutions (NYSE: BR) has launched ClearFi, a new digital asset information platform designed to help financial intermediaries comply with disclosure regulations. The platform consolidates both on-chain and off-chain information about digital assets, including cryptocurrencies, stable coins, and DeFi innovations.

ClearFi provides comprehensive information about digital assets' underlying technology, tokenomics, governance, and purpose, updated in near real-time. The platform features a standardized taxonomy that enables intermediaries to provide insights into assets available on their platforms and helps address global regulations, including Canadian and UK know-your-product rules and MiCA Whitepaper requirements.

Broadridge Financial Solutions (NYSE: BR) ha lanciato ClearFi, una nuova piattaforma di informazioni sugli asset digitali progettata per aiutare gli intermediari finanziari a conformarsi alle normative di divulgazione. La piattaforma consolida sia le informazioni on-chain che off-chain sugli asset digitali, comprese criptovalute, stablecoin e innovazioni DeFi.

ClearFi fornisce informazioni complete sulla tecnologia sottostante degli asset digitali, sulla tokenomics, sulla governance e sullo scopo, aggiornate in tempo quasi reale. La piattaforma presenta una tassonomia standardizzata che consente agli intermediari di fornire approfondimenti sugli asset disponibili sulle loro piattaforme e aiuta a rispettare le normative globali, comprese le regole canadesi e del Regno Unito sulla conoscenza del prodotto e i requisiti del Whitepaper MiCA.

Broadridge Financial Solutions (NYSE: BR) ha lanzado ClearFi, una nueva plataforma de información sobre activos digitales diseñada para ayudar a los intermediarios financieros a cumplir con las regulaciones de divulgación. La plataforma consolida tanto la información on-chain como off-chain sobre activos digitales, incluidas criptomonedas, stablecoins e innovaciones DeFi.

ClearFi proporciona información completa sobre la tecnología subyacente de los activos digitales, la tokenomics, la gobernanza y el propósito, actualizada en casi tiempo real. La plataforma cuenta con una taxonomía estandarizada que permite a los intermediarios proporcionar información sobre los activos disponibles en sus plataformas y ayuda a abordar las regulaciones globales, incluidas las reglas canadienses y del Reino Unido sobre el conocimiento del producto y los requisitos del Whitepaper de MiCA.

브로드리지 금융 솔루션(BR: NYSE)클리어파이를 출시했습니다. 이는 재정 중개인이 공시 규정을 준수할 수 있도록 돕기 위해 설계된 새로운 디지털 자산 정보 플랫폼입니다. 이 플랫폼은 암호화폐, 스테이블코인 및 DeFi 혁신을 포함하여 디지털 자산에 대한 온체인 및 오프체인 정보를 통합합니다.

클리어파이는 디지털 자산의 기본 기술, 토큰 경제학, 거버넌스 및 목적에 대한 종합적인 정보를 거의 실시간으로 업데이트하여 제공합니다. 이 플랫폼은 중개인이 그들의 플랫폼에서 이용 가능한 자산에 대한 통찰력을 제공할 수 있도록 하는 표준화된 분류 체계를 갖추고 있으며, 캐나다 및 영국의 제품 인식 규칙과 MiCA 백서 요구 사항을 포함한 글로벌 규제를 준수하는 데도 도움이 됩니다.

Broadridge Financial Solutions (NYSE: BR) a lancé ClearFi, une nouvelle plateforme d'information sur les actifs numériques conçue pour aider les intermédiaires financiers à se conformer aux réglementations de divulgation. La plateforme consolide à la fois les informations sur la chaîne (on-chain) et hors chaîne (off-chain) concernant les actifs numériques, y compris les crypto-monnaies, les stablecoins et les innovations DeFi.

ClearFi fournit des informations complètes sur la technologie sous-jacente des actifs numériques, la tokenomics, la gouvernance et l'objectif, mises à jour en quasi temps réel. La plateforme dispose d'une taxonomie standardisée qui permet aux intermédiaires de fournir des aperçus sur les actifs disponibles sur leurs plateformes et aide à répondre aux réglementations mondiales, y compris les règles canadiennes et britanniques sur la connaissance du produit ainsi que les exigences du livre blanc MiCA.

Broadridge Financial Solutions (NYSE: BR) hat ClearFi gestartet, eine neue Plattform für Informationen über digitale Vermögenswerte, die Finanzintermediären helfen soll, die Offenlegungsanforderungen einzuhalten. Die Plattform konsolidiert sowohl On-Chain- als auch Off-Chain-Informationen über digitale Vermögenswerte, einschließlich Kryptowährungen, Stablecoins und DeFi-Innovationen.

ClearFi bietet umfassende Informationen über die zugrunde liegende Technologie der digitalen Vermögenswerte, Tokenomics, Governance und Zweck, die nahezu in Echtzeit aktualisiert werden. Die Plattform verfügt über eine standardisierte Taxonomie, die es Intermediären ermöglicht, Einblicke in die auf ihren Plattformen verfügbaren Vermögenswerte zu geben und hilft, globale Vorschriften einzuhalten, einschließlich der kanadischen und britischen Produktkenntnis-Regeln sowie der Anforderungen des MiCA-Whitepapers.

Positive
  • Launch of new revenue-generating product (ClearFi) addressing regulatory compliance needs
  • Platform addresses emerging global regulations, expanding market opportunities
  • First-of-its-kind standardized taxonomy for digital assets, providing competitive advantage
Negative
  • None.

Insights

Broadridge's ClearFi platform represents a significant strategic move in the digital asset infrastructure space. The solution addresses a critical market gap by providing standardized, comprehensive information for digital assets - something that has been notably absent in the cryptocurrency ecosystem. Key strategic advantages include:

  • First-mover advantage in regulatory compliance infrastructure
  • Potential recurring revenue stream from financial intermediaries
  • Strategic positioning ahead of expected regulatory frameworks

The platform's ability to aggregate both on-chain and off-chain data with real-time updates creates a substantial competitive moat. This development could significantly strengthen Broadridge's market position as digital asset adoption grows among traditional financial institutions.

This product launch is strategically timed amid increasing regulatory scrutiny of digital assets globally. The platform's alignment with emerging regulatory requirements like Canadian and UK KYP rules and MiCA Whitepaper requirements positions Broadridge to capitalize on compliance needs. The standardized taxonomy approach is particularly valuable as it provides a framework that can adapt to evolving regulatory demands. This proactive stance in regulatory compliance infrastructure could generate significant revenue opportunities as financial institutions scramble to meet new digital asset disclosure requirements.

The Broadridge® ClearFi solution provides investors with user-friendly information on digital assets.

NEW YORK, Oct. 31, 2024 /PRNewswire/ -- Broadridge Financial Solutions, Inc. (NYSE: BR), today announced the launch of Broadridge® ClearFi ("ClearFi"), a new suite of products to help financial intermediaries operating within the Digital Asset space to get out ahead of current and emerging disclosure regulations. ClearFi helps broker-dealers, exchanges, and wallet providers provide their clients and participants with useful on-chain and off-chain information about digital assets, including cryptocurrencies, stable coins, and DeFi innovations made available through their platforms.

"Exchanges, broker-dealers, wallet providers, regulators, and elected officials are all eager to ensure that everyday investors have information to know what their investment products are," said Rob Krugman, Broadridge's Chief Digital Officer. "By working with industry partners throughout the process, we've created a platform that helps investors and advisers quickly access better understand and monitor their digital asset investing."

ClearFi was built with the needs of investors in mind, stemming from discussions with partners and research on the information investors say is important to them. Results from Broadridge's Digital Asset Disclosure Survey found that many investors want basic information that is otherwise difficult for them to access because it is both on- and off-chain, and that others want to better understand how to evaluate digital assets. Additionally, client conversations highlighted a clear need for a broad agreement to provide investors with standardized and tailored information to address needs that evolving regulatory frameworks are looking to address.

Comprehensive Overview for Informed Decisions

ClearFi consolidates and aggregates both on-and off-chain information and content to provide an overview of the digital asset, including information on the underlying technology, tokenomics, governance, and purpose. The information provided is updated in near real-time.

Because there isn't an "issuer" in the traditional sense of the work with many digital assets, ClearFi combines on-chain data with information collected from hundreds of trusted off chain data sources. The information is mapped to a standardized taxonomy enabling intermediaries including exchanges, brokers and asset managers to provide insight into the assets available on their platforms. This first of its kind standardized taxonomy for digital assets was built to help foster greater literacy while enabling individuals to evaluate, compare and educate themselves on assets. ClearFi data can also be used by intermediaries to address emerging global regulations, including Canadian and UK know-your-product ("KYP") rules and MiCA Whitepaper reporting requirements.

"The introduction of ClearFi demonstrates Broadridge's continued leadership and innovation in improving disclosure as investing democratizes across economies," said German Soto Sanchez, Broadridge Chief Product and Strategy Officer.  

Developed within Broadridge's innovation lab, 605 Studios, the ClearFi solution is available globally today through a web interface and API.

605 Studios focuses on identifying and developing cutting-edge technologies, products, and businesses that drive financial services forward in support of capital markets and clients. Its approach towards innovation is based upon solving industry challenges.

For more information, please visit https://www.broadridge.com/clear-fi

About Broadridge
Broadridge Financial Solutions (NYSE: BR), is a global technology leader with the trusted expertise and transformative technology to help clients and the financial services industry operate, innovate, and grow. We power investing, governance, and communications for our clients – driving operational resiliency, elevating business performance, and transforming investor experiences. 

Our technology and operations platforms process and generate over 7 billion communications per year and underpin the daily trading of more than $10 trillion of securities globally. A certified Great Place to Work®, Broadridge is part of the S&P 500® Index, employing over 14,000 associates in 21 countries. For more information, please visit www.broadridge.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

Broadridge Logo. (PRNewsFoto/Broadridge Financial Solutions)

 

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SOURCE Broadridge Financial Solutions, Inc.

FAQ

What is Broadridge's ClearFi platform and when was it launched?

Broadridge's ClearFi is a digital asset information platform launched on October 31, 2024, designed to help financial intermediaries comply with disclosure regulations by providing comprehensive on-chain and off-chain information about digital assets.

What regulatory requirements does Broadridge's ClearFi (BR) address?

ClearFi addresses global regulations including Canadian and UK know-your-product (KYP) rules and MiCA Whitepaper reporting requirements for digital assets.

What type of information does Broadridge's ClearFi platform provide?

ClearFi provides real-time information about digital assets' underlying technology, tokenomics, governance, and purpose, combining on-chain data with information from hundreds of trusted off-chain sources.

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