What is Broker-Dealer?

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A **Broker-Dealer** is a financial institution, typically a firm, that engages in the business of buying and selling securities, acting as an agent (broker) for clients and as a principal (dealer) for its own account, playing a critical intermediation role in the U.S. Treasury and Repurchase Agreement (Repo) markets.

Broker-Dealer

What is Broker-Dealer?

What is the critical function of a Broker-Dealer in the U.S. Treasury securities market?

How do Broker-Dealers utilize Repurchase Agreements (Repos) for liquidity and Treasury inventory management?

Why are Broker-Dealers essential for the compliant and regulated tokenization of Real-World Assets (RWA)?

What are the key regulatory requirements and capital rules governing Broker-Dealers, particularly concerning Treasury and RWA activities?

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