Financial Data and Key Metrics Changes - Broadridge reported a 7% increase in recurring revenue on a constant currency basis and an 11% growth in adjusted EPS for fiscal year 2025, aligning with long-term objectives [5][31] - The company generated $1.1 billion in free cash flow, representing 104% of adjusted net income, positioning it well for investments and shareholder returns [29][43] - Adjusted operating income margin expanded by 50 basis points to 20.5% for the full year [31][42] Business Line Data and Key Metrics Changes - Governance recurring revenues rose 6% to $2.7 billion, driven by a 16% increase in equity shareholder positions [7][31] - Capital Markets revenues grew 6% to $1.1 billion, supported by new sales and higher trade volumes [11][36] - Wealth and Investment Management revenues increased by 12%, with a notable 26% growth in Q4, driven by the acquisition of SIS [14][36] Market Data and Key Metrics Changes - Daily average trading volumes rose above $200 billion in June, significantly up from $100 billion earlier in the year [14] - Equity position growth was 18% in Q4, with a 12% growth in revenue-generating positions for the full year [38] - Fund position growth remained strong at 7%, reflecting ongoing demand for both equity and fixed income funds [8][38] Company Strategy and Development Direction - Broadridge is focused on democratizing and digitizing governance, simplifying capital markets, and modernizing wealth management [5][23] - The company aims to leverage its investments in technology to enhance its platform capabilities and drive innovation [24][25] - The acquisition of Aklan is expected to deepen Broadridge's role as an intermediary and enhance fund data quality [10] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about the macro environment, noting a bounce back in capital markets activity and increased investor confidence [4][5] - The company anticipates 5% to 7% recurring revenue growth and 8% to 12% adjusted EPS growth for fiscal year 2026 [6][48] - Regulatory changes are seen as opportunities for growth, particularly in digital assets and shareholder engagement [19][27] Other Important Information - Broadridge's Board approved an 11% increase in the annual dividend to $3.9 per share, marking the 13th double-digit increase in the last 14 years [6][47] - The company has a recurring revenue backlog of $430 million, providing visibility into future growth [30][78] Q&A Session Summary Question: On the contemplated closed sales acceleration - Management acknowledged longer sales cycles but noted strong underlying demand in areas where investments have been made [56][58] Question: Qualitative color on Distributed Ledger Repo (DLR) - Management highlighted the growth in DLR and its significance in the tokenized securities market, noting strong client interest [60][63] Question: Opportunities on the ICS side of the business with tokenization - Management discussed the potential for digital assets and tokenization to enhance traditional capabilities and democratize investing [68][70] Question: Drivers for Capital Markets revenue outlook - Management indicated that the exit of a business would have a modest impact on growth, contributing to a lower revenue outlook [73] Question: Change in backlog duration due to digital solutions - Management clarified that backlog duration varies by product type, with some sales taking longer to convert [79] Question: Debt profile management going forward - Management expressed confidence in the current debt level and plans to roll forward upcoming debt maturities [98]

RT WoV Labs (@wovlabs_com)Check it out ! 👀To celebrate UNTOLD X, we’re giving away exclusive tokenized merch — T-shirts & Labubu plushies powered by @wovlabs_com Smart Tags! 🎁Post creative content about tokenization or your festival vibes, tag @bitgetglobal + @wovlabs_com, and climb the leaderboard. 🚀Discover all the details here 👇😎https://t.co/fryDbJwap5 ...

Tokenized Assets & Securities - Tokenized assets are similar to ETFs, representing a basket of securities, requiring rules for disclosure and issuance to accommodate tokenization's special features [2] - The industry emphasizes the need for a level playing field and certainty in navigating tokenized securities [2] - The industry anticipates markets will adapt to blockchain trading, ensuring investors get the best price with transparent valuation [3][4] - The industry forsees new forms of securities meshing with existing rules to accommodate open and public pricing [4] - The industry acknowledges the potential for all securities to be tokenized [5] Regulatory Adaptation & Innovation - The SEC is helping the industry adapt rules for immobilizing securities and book entry, similar to the creation of the Depository Trust and Trading Corporation (DTCC) [7] - The SEC aims to accommodate technological development and innovation, avoiding impediments [8] - The SEC is re-evaluating the Howie test's applicability to digital assets, considering new rules that comply with the law and address the current situation [10][12] - The SEC will consider revoking archaic laws that stifle innovation and entrepreneurship, particularly those not applicable to digital-oriented companies [13][14] - The SEC is working to ensure that declaration forms accommodate the unique aspects of new products, clarifying their purpose and innovation [15] ETF Deliberation - The SEC's postponement of the Truth Social Bitcoin ETF decision is part of the normal internal deliberation process [16] - The SEC cautions that a temporary pause does not necessarily indicate the ultimate outcome for the ETF [16]

Vlad Tenev, CEO of @RobinhoodApp, views tokenization as more than just a buzzword. Here's why: https://t.co/6jZFkZ7rVw ...

Regulatory Initiatives - SEC launches "Project Crypto" to modernize crypto market regulation [1] - The initiative covers asset classification and issuance, tokenization, custody and trading rules [1] - Focus on integrated securities and non-securities markets, super-app access, DeFi compliance, and innovation exemptions [1]

Tokenization & Financial System - Robinhood CEO 表示通证化是新金融体系的“基础” [1]

The vision from the US government reflex’s exactly what $PLUME does…Since it is the leading RWAfi chain, they are proud to contribute to this report (p. 36) and honored to help shape U.S.Bullish for $PLUMEPlume - RWAfi Chain (@plumenetwork):🚨 President @realDonaldTrump's Working Group – @BoHines, @SECPaulSAtkins, @SecScottBessent – just released its roadmap for digital asset markets, and it echoes the vision Plume laid out for the future of tokenization.As the leading RWAfi chain, we’re proud to contribute ...

Overview - Plume 对美国财政部关于数字资产未来发展方向的报告做出了贡献 [1] - Plume 作为领先的 RWAfi (Real World Asset finance) 区块链，对塑造美国数字金融政策感到自豪 [1] Policy & Regulation - 美国财政部发布了数字资产市场发展路线图，与 Plume 对代币化的愿景相呼应 [1] - 该报告由 Donald Trump 时期的财政部官员发布 [1]

🇺🇸 NEW: The Trump White House will release its first crypto policy report outlining plans for tokenization and new regulations.Despite earlier proposals, it includes no details on a strategic Bitcoin reserve. https://t.co/1ZdIwOA8hW ...

Company Overview - eToro is a dominant retail investment platform across stocks, bitcoin, and crypto [1] - Yoni Assia, one of the earliest bitcoin OGs, has built eToro [1] Bitcoin & Crypto - Yoni Assia has been holding bitcoin for almost 15 years [1] - Discussion about buying bitcoin at $5 and the potential rise to over $100 thousand [1] - Industry insights and the future of tokenization are explored [1] Business Strategy & Regulation - eToro's regulation path and business growth are discussed [1] - eToro's regulatory efforts are mentioned [1] - Insights into being a public company are shared [1] Products & Services - eToro products and announcements are highlighted [1] - Discussion about why eToro doesn't offer 24/7 trading [1] Market Analysis - Competition and takeaways from the US market are analyzed [1] - Private markets outlook is provided [1]