Broadridge Gets Patent for Proxy & Repo Blockchain

The patent covers the process of proxy and repo processing through a permissioned blockchain.

blockchain-technology

The patent, number 9,967,238, covers the blockchain process developed for a repo pilot it undertook with two global investment banks and its proxy voting program with Northern Trust, Banco Santander, and JPMorgan. Both projects were deemed successful and showed how distributed ledger technology (DLT) helped increase efficiency by streamlining reconciliation, improve data management and cut costs. The patent also includes Broadridge’s private permissioned blockchain system.

Michael Tae, Broadrid

To continue reading...

You need to sign in to use this feature. If you don’t have a WatersTechnology account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an indvidual account here: