The Broadridge® ClearFi solution
provides investors with user-friendly information on digital
assets.
NEW
YORK, Oct. 31, 2024 /PRNewswire/ -- Broadridge
Financial Solutions, Inc. (NYSE: BR), today announced the launch of
Broadridge® ClearFi ("ClearFi"), a new suite of
products to help financial intermediaries operating within the
Digital Asset space to get out ahead of current and emerging
disclosure regulations. ClearFi helps broker-dealers, exchanges,
and wallet providers provide their clients and participants with
useful on-chain and off-chain information about digital assets,
including cryptocurrencies, stable coins, and
DeFi innovations made available through their
platforms.
"Exchanges, broker-dealers, wallet providers, regulators, and
elected officials are all eager to ensure that everyday investors
have information to know what their investment products are," said
Rob Krugman, Broadridge's Chief
Digital Officer. "By working with industry partners throughout the
process, we've created a platform that helps investors and advisers
quickly access better understand and monitor their digital asset
investing."
ClearFi was built with the needs of investors in mind, stemming
from discussions with partners and research on the information
investors say is important to them. Results from Broadridge's
Digital Asset Disclosure Survey found that many investors want
basic information that is otherwise difficult for them to access
because it is both on- and off-chain, and that others want to
better understand how to evaluate digital assets. Additionally,
client conversations highlighted a clear need for a broad agreement
to provide investors with standardized and tailored information to
address needs that evolving regulatory frameworks are looking to
address.
Comprehensive Overview for Informed Decisions
ClearFi consolidates and aggregates both on-and off-chain
information and content to provide an overview of the digital
asset, including information on the underlying technology,
tokenomics, governance, and purpose. The information provided is
updated in near real-time.
Because there isn't an "issuer" in the traditional sense of the
work with many digital assets, ClearFi combines on-chain data with
information collected from hundreds of trusted off chain data
sources. The information is mapped to a standardized taxonomy
enabling intermediaries including exchanges, brokers and asset
managers to provide insight into the assets available on their
platforms. This first of its kind standardized taxonomy for digital
assets was built to help foster greater literacy while enabling
individuals to evaluate, compare and educate themselves on assets.
ClearFi data can also be used by intermediaries to address emerging
global regulations, including Canadian and UK know-your-product
("KYP") rules and MiCA Whitepaper reporting requirements.
"The introduction of ClearFi demonstrates Broadridge's continued
leadership and innovation in improving disclosure as investing
democratizes across economies," said German Soto Sanchez, Broadridge Chief Product and
Strategy Officer.
Developed within Broadridge's innovation lab, 605 Studios, the
ClearFi solution is available globally today through a web
interface and API.
605 Studios focuses on identifying and developing cutting-edge
technologies, products, and businesses that drive financial
services forward in support of capital markets and
clients. Its approach towards innovation is based upon solving
industry challenges.
For more information, please visit
https://www.broadridge.com/clear-fi.
About Broadridge
Broadridge Financial Solutions (NYSE:
BR), is a global technology leader with the trusted expertise and
transformative technology to help clients and the financial
services industry operate, innovate, and grow. We power investing,
governance, and communications for our clients – driving
operational resiliency, elevating business performance, and
transforming investor experiences.
Our technology and operations platforms process and generate
over 7 billion communications per year and underpin the daily
trading of more than $10 trillion of
securities globally. A certified Great Place to Work®, Broadridge
is part of the S&P 500® Index, employing over 14,000 associates
in 21 countries. For more information, please visit
www.broadridge.com.
Broadridge Contacts:
Investors:
Edings Thibault
Head of Investor Relations, Broadridge
broadridgeir@broadridge.com
Media:
Gregg
Rosenberg
Global Head of Corporate Communications
Gregg.Rosenberg@broadridge.com
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SOURCE Broadridge Financial Solutions, Inc.