"Hello, Blockchain lovers! 🚀 Is there anything better than talking about DeFi and Web 3.0? Yes, maybe even joking about the market! 😂

Broadridge processes $50 billion in repurchase agreements with major banks every day, exclusively on its permissioned DLR platform. HQLAx says its platform could enable banks to save up to 100 million euros a year. While this is just one piece of a multi-sharded, trillion-dollar market, these private blockchain circuits are being used on a much larger scale than the tokenization of real-world assets associated with open chains like Ethereum. 🌐

Wall Street titans like JPMorgan and Goldman Sachs are reluctant to share certain data in areas like repo trading. However, Broadridge's Distributed Ledger Repo (DLR) platform processes $50 billion in repo volume per day and is used by firms such as Societe Generale, UBS, HSBC and Chicago-based trading giant DRW.

These platforms not only record significant volume, but they also create cross-chain compatibility and integrate bank-grade cash settlement tokens.

These may be some of the most successful applications of blockchain technology. But let me know what you think about it in the comments! 😎#DeFi#Web3"