The DLT (Distributed Ledger Technology) HQLAx platform recently launched a proxy securities lending service with an outstanding balance of 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 interbank collateral exchange, started piloting proxy transactions two years ago, and has now expanded to asset managers. Working with three-party agents and custodians, HQLAx enables collat...