Deutsche Börse Group and HQLAX agreed on a strategic partnership to launch a securities lending solution. This follows the first live transaction on HQLAX by Credit Suisse and ING
four weeks ago.
The HQLAX system uses R3’s Corda technology. This latest agreement highlights how many organizations are hedging their technology bets. The Deutsche Börse is also an investor in Digital Asset which uses a different technology platform and is working on replacing the Australian Stock Exchange’s settlement system, CHESS.
Banks have to hold sufficient High-Quality Liquid Assets (HQLA), to ensure liquidity in the financial system. March’s Basel III Monitoring Report estimates the global banking industry holdings of HQLA at Euro 11.95 trillion.
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