Broadridge has launched a new solution which aims to aid financial institutions in scaling digital asset strategies while also complying with global regulations.
The global fintech has said that its Digital Assets Solutions will address the growing demand for disclosure and governance solutions for cryptocurrency and tokenised assets.
Broadridge claims the solutions will bolster investment democratisation, by ensuring regulatory compliance while enhancing investor education.
“Broadridge’s new Digital Asset Solutions will enable investors to better access, understand, and monitor these digital assets across the full range of intermediaries and exchanges offering these products,” said co-president of Broadridge’s investor communication solutions business, Mike Tae.
“We have drawn on our deep expertise in helping tens of millions of main street investors better understand their equity and fund investments to develop solutions that will bring similar transparency to digital assets.”
A crypto asset disclosure survey carried out by Broadridge found that investors need better access to basic information in the crypto and digital assets space, which can often be difficult to reach due to being both on-and off-chain.
In October 2024 the company launched Broadridge ClearFi as a component of Broadridge Digital Asset Solutions, designed to help investors and advisers access, understand and monitor their digital asset investments more quickly and efficiently.
The company also claims that the solution can evaluate digital assets by consolidating data taken from hundreds of trusted sources to increase transparency and investor education.
Aviad Stein, head of Digital Asset Solutions at Broadridge said: “Broadridge Digital Asset Solutions bridges the gap between traditional finance (TradFi) and decentralised finance (DeFi) offering services designed for cryptocurrency exchanges, traditional broker/dealers, wealth managers, digital asset custodians, and investors.”
“We are empowering financial institutions to innovate and grow while providing investors with the necessary tools to make informed decisions in an increasingly complex market.”