Private blockchains process over $1.5 trillion in securities financing each month
Financial technology consulting company Broadridge stated that it processes $50 billion repurchase agreements involving large banks on its restricted DLR platform every day. HQLAx, a private blockchain company specializing in European securities finance, claims that its platform can save banks up to €100 million ($107 million) annually. Private blockchains are used to execute over $1.5 trillion in repurchase agreements and other forms of securities financing every month. Morgan Stanley reportedly processes up to $2 billion in transactions every day on its Onyx blockchain, which allows its clients to "settle repurchase transactions worth billions of dollars within minutes, mark and deliver cash and collateral on a single ledger using smart contracts."
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