HSBC, BNY Mellon, and Goldman Sachs reach €1bn in securities lending on HQLAX platform
The banking trio has surpassed the €1 billion milestone for the collateral management industry utilising HQLAX’s distributed ledger technology (DLT) platform.
Tag: HQLAX
DLT repo settlement proof of concept heralds possibility of intraday settlement
Initiated by Fnality and HQLAX, project showcases how platforms running on different DLTs can be linked.
JP Morgan backs collateral mobility platform HQLAx with Series B investment
Custodian invests in widely backed collateral mobility platform and will also connect its agency securities lending business to HQLAx.
ING acquires stake in token-based securities lending platform HQLAx
The investment builds upon ING’s earlier involvement with the platform, as its blockchain team helped develop the initial version of the HQLAx application.
German central bank backs DLT for collateral management
Deutsche Bundesbank and Deutsche Boerse have outlined the several advantages DLT will bring to increasing the speed and availability of collateral.
New DLT-based securities lending platform executes first transactions with banks
The project has been lauded by industry experts, and HQLAx founder Guido Stroemer was included in Global Custodian’s 30 to Shape the Future list.
Securities Review
Sibos top takeaway: Securities services firms take the leap into new technologies
Sibos 2019 in London saw several key announcements from securities services providers over the deployment of APIs, AI and DLT.
HQLAX successfully tests tokenised securities lending solution with banks
Collateral mobility system simulated transactions by several global banks including Commerzbank and ING, and confirms launch date.
Transforming collateral mobility
HQLAx is a new collateral mobility system using tokenisation to reduce eye-watering costs and inefficiencies of moving high quality liquid assets. Jonathan Watkins takes a look under the hood of the ambitious new project and speaks to its founder.
Deutsche Boerse-backed blockchain sec lending platform nears launch
Six banks have confirmed they have started the onboarding process and will join the platform at launch date, expected to be in the first half of 2019.