HQLAx DLT platform agency securities lending breaks through 1 billion euros
2024-06-06 21:59:59
The DLT (Distributed Ledger Technology) HQLAx platform recently launched its agency securities lending service, with outstanding balances reaching 1 billion euros. BNY Mellon, Goldman Sachs and HSBC are the original participating banks. The platform launched its core securities lending service in 2019, initially for the exchange of collateral between banks. It began piloting agency transactions two years ago and has now expanded to asset managers. By working with three-party agents and custodians, HQLAx enables collateral in-situ retention and intraday delivery-to-delivery (DvD) settlement. Amar Amlani of Goldman Sachs said that the application of HQLAx's DLT solution is expanding, bringing practical benefits such as precise movement of collateral. In addition, HSBC led HQLAx's Series C funding round, with participants including BNP Paribas, BNY Mellon, Citi, Deutsche Börse, Goldman Sachs, and JP Morgan.
Disclaimer:
1. The information provided does not constitute investment advice. Investors should make independent decisions and bear all risks themselves.
2. The copyright of this content belongs to the original author. The views expressed herein are solely those of the author and do not represent the stance or position of this website.
Previous article：
HQLAx DLT平台代理证券借贷突破10亿欧元Next article：
沙特阿拉伯以全面参与者身份加入BIS的CBDC项目mBridge
