Broadridge’s US digital-asset platform joins custody to wealth-account records

Broadridge’s US digital-asset wealth platform connects cryptocurrencies and tokenised securities with the account records and servicing systems used for traditional portfolios. Announced on 14 September for US broker-dealers, registered investment advisers and wealth managers, the expansion initially names Anchorage Digital and Galaxy Digital as supporting partners.[1]

This analysis examines the September rollout’s infrastructure. Broadridge describes connections to its own or third-party books-and-records systems, including downstream statements, confirmations, reporting and tax processing. The proposition follows the asset beyond execution into the records that determine what the customer holds.[1]

Map custody balances to customer entitlements

The April Canadian launch described omnibus and segregated wallet structures, a multi-custody model and a partner network including Galaxy, Anchorage and Tetra. Those are the earlier Canadian arrangements; the US rollout has its own provider and regulatory scope.[2]

An omnibus wallet can hold assets attributable to multiple customers while an internal ledger allocates their interests. A segregated structure organises the custody holdings differently. In either model, the customer statement must reconcile to the custody record and the rights attached to the instrument.

For example, a token balance may reconcile in total while its allocation among customer accounts is wrong. A complete control therefore checks both the aggregate custody balance and the individual entitlement records. This is an illustrative implementation problem, not a reported defect in Broadridge’s service.

Service the rights attached to tokenised securities

Broadridge’s April governance release described recording proxy votes on its Avalanche-based layer-one infrastructure and distributing that information across multiple blockchains. It also described consolidating registered, beneficial and tokenised holdings for issuers. These components form part of the earlier infrastructure behind the wealth expansion.[3]

The servicing task depends on the instrument’s legal rights. A recognised ownership interest can carry voting or distribution rights that a synthetic price-exposure token lacks. The account system must distinguish those entitlements before it can process a corporate action or send the correct disclosure.

The May institutional expansion adds context on the surrounding connections: tokenised and conventional assets can be processed within a shared control environment, while routing and network access remain distinct functions. A common platform can reduce duplicated interfaces without making every market or ledger use the same settlement process.[4]

Deployment scope and operating responsibility

The US offering supports adviser-led and self-directed models. Its announcement leaves the complete deployment roster, supported-instrument list and end-investor tariffs undisclosed. Participating firms therefore need to establish their own custody, servicing and customer-communication arrangements within the offering’s permitted scope.[1]

The commercial value lies in reducing the separate interfaces and reconciliations needed to distribute digital assets through an established wealth business. Actual deployments will show how effectively the account record, custody link and servicing process operate together.

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