Broadridge Secures Industry-Leading Blockchain Patent for Proxy Processing and Repo Agreements

As a key participant and solutions provider in global capital markets technology, Broadridge continues to innovate and partner with clients and market participants to maximize the benefits of distributed ledger technology and to achieve interoperability and standardization of blockchain platforms. Building upon Broadridge's successfulblockchain-based bilateral repo pilot with two global investment banks, which showed how blockchain technology can increase operational efficiency, reduce risk and improve auditability, the '238 Patent demonstrates how Broadridge's technology can streamline reconciliation processes, improve data management and reduce non-value added costs.

It will also expand Broadridge's end-to-end proxy solution suite, leveraging the firm's collaborationwith three leading global banking institutions to employ blockchain technology to enhance global proxy vote transparency and analytics.