back Back

Société Générale joins Broadridge’s Distributed Ledger Repo platform

By Joy Dumasia

June 29, 2022

  • Blockchain enabled
  • Broadridge
  • Broadridge Financial Solutions

Société Générale is now live on the distributed ledger technology repo platform (DLR) created by global FinTech Broadridge Financial Solutions, Inc. The blockchain-enabled platform accelerates the digitization of the global repo market, empowering participants to realize immediate benefits of reduced risk and operational costs and enhanced liquidity. Société Générale’s active engagement accelerates the expansion of DLR’s participant network and builds on the platform’s early success.  

“We are excited to leverage the operational efficiencies, benefit from real-time visibility and have access to enhanced liquidity that Broadridge’s distributed ledger repo platform provides,” said Greg Zielinski, Chief Operating Officer, Société Générale Americas. “This partnership with Broadridge reinforces Société Générale’s overall strategy by leveraging blockchain technology to reduce and improve efficiency in the financial markets, particularly the $10T global bilateral repo market.” 

“Société Générale is an innovator in capital markets, and we’re excited to welcome them onto to this award-winning DLR platform,” said Vijay Mayadas, President of Capital Markets at Broadridge. “Broadridge continues to drive the transformation of repo market infrastructure with the distributed ledger technology repo platform via the utilization of smart contracts to digitize the trade agreement between counterparties and leveraging digitized assets to reduce settlement cycles.” 

Built on Broadridge’s leading fixed income platform that processes over $8T per day, DLR couples emerging distributed ledger and smart contract technology with existing operational account structure functionality, enabling real-time securities mobility in the repo market at scale. The rapid innovation in the repo markets will result in a more efficient market infrastructure and increased capital velocity. 

Recently, IBS Intelligence reported that Broadridge Financial Solutions, Inc. had announced the appointment of Ms. Sheenam Ohrie as the Managing Director of Broadridge India. Ms. Ohrie succeeds Laxmikanth Venkatraman, who became Chairman of Broadridge India.

Previous Article

June 29, 2022

CWallet announces partnership with Microsoft Qatar

Read More
Next Article

June 29, 2022

Cashfree Payments’ Token Vault introduces interoperability across payment gateways

Read More

IBSi Daily News Analysis

digital wallets

March 01, 2024

Blockchain enabled

Banking Sector and regulatory framework: addressing India’s growing demand for secure lockers

Read More

IBSi FinTech Journal

  • Most trusted FinTech journal since 1991
  • Digital monthly issue
  • 60+ pages of research, analysis, interviews, opinions, and rankings
  • Global coverage
Subscribe Now

Other Related News

February 22, 2024

Revolut launches Robo-Advisor to automate investment processes

Read More

February 21, 2024

Boom launches Blockchain-based payments platform in Africa

Read More

February 20, 2024

Nukkleus set to acquire cross border payments firm Mercury Global

Read More

Related Reports

Sales League Table Report 2023
Know More
Global Digital Banking Vendor & Landscape Report Q4 2023
Know More
Wealth Management & Private Banking Systems Report Q4 2023
Know More
IBSi Spectrum Report: Supply Chain Finance Platforms Q4 2023
Know More
Treasury & Capital Markets Systems Report Q4 2023
Know More

IBSi Sales League Table

The industry acknowledged barometer of global banking technology vendor performance!
Get your copy now!
Get your copy now! IBSi Sales League Table 2023