Back in March Deutsche Börse Group announced a
strategic partnership with HQLAX to launch a securities lending solution. Today the group announced it’s investing in the startup. The amount is less than Euro 10 million.
Previously the group invested in Digital Asset which is involved in the Australian Stock Exchange blockchain project.
In accordance with Basel III, banks have to hold sufficient High-Quality Liquid Assets (HQLA), to ensure liquidity in the financial system. Banks often lend securities that are part of their HQLA portfolios, and the partnership addresses this opportunity. Five months ago HQLAX ran its first live transactions with
ING and Credit Suisse on the R3 Corda-based system.
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