New York Stock Exchange-listed company Broadridge has disclosed that it has expanded its digital asset platform to the US market, making it available to brokers, registered investment advisors, and wealth management institutions. The platform is designed to allow institutions to incorporate crypto assets and tokenized securities into their existing investment processes without having to re-establish independent accounting systems.

Integrate with existing wealth management systems

Broadridge indicates that American customers can use this platform for transactions, custody, services, governance, and customer reporting, among other aspects. The platform supports cryptocurrencies, as well as tokenized stocks, funds, and private and alternative assets, and can be integrated with existing ledger recording systems or third-party recording platforms.

This means that digital assets can appear alongside traditional securities in advisory management accounts or autonomous trading accounts, and subsequent processes such as tax declarations, transaction confirmations, statement reconciliations, and regulatory filings can continue to use the existing systems.

Anchorage and Galaxy provide initial support

The company disclosed that Anchorage Digital and Galaxy are among the first batch of infrastructure partners to establish operations in the United States this time. Among them, Anchorage Digital is responsible for institutional-level custody and settlement capabilities, while Galaxy provides digital asset market infrastructure and liquidity support.

Broadridge indicates that its architecture supports both unified wallet and isolated wallet modes, and it can also connect to multiple custodian institutions. It is mentioned in the text that Anchorage Digital Bank is still a national trust bank regulated by the US Federal Reserve System.

DLX and DLR constitute the underlying platform.

Prior to this expansion into the United States, Broadridge launched the DLX platform on September 9th, which serves as an operational layer that connects traditional financial systems with the blockchain market. The company claims that DLX supports issuance, trading, settlement, services, custody, and distribution, and also supports multiple blockchain networks, smart contract tools, as well as 24/7 trading capabilities.

This new service is built on top of the existing DLR system of Broadridge. The company disclosed that DLR currently processes over $351 billion in tokenized real asset transactions daily; according to data previously released by the company, the total transaction volume in July of this year reached $8 trillion, with an average daily transaction amount of $365 billion.

Additional information:Broadridge has not yet disclosed which American wealth management institutions have officially adopted this service, but indicates that it will continue to expand its network of cooperation in custody, wallets, liquidity, and compliance in the future.