Broadridge Financial’s recent acquisition marks its first foray into crypto services

Broadridge Financial, a $15 billion publicly traded company providing investor communications tools has acquired Shadow Financial Systems, a fintech firm offering post-trade processing solutions across multiple asset classes including cryptocurrencies.

Head of capital markets at Broadridge, Justin Llewellyn-Jones stated:

“There are not that many [firms] that want to settle and clear Coinbase trades. If we have those capabilities it opens up an interesting arc for us to go forward.”