HQLAᵡ IS AN INNOVATIVE, NEW COLLATERAL LENDING SOLUTION THAT WILL IMPROVE COLLATERAL FLUIDITY, ENHANCE MARKET TRANSPARENCY AND PROMOTE FINANCIAL STABILITY.
The implementation of new bank regulations for liquidity, mandatory clearing, and margin requirements for OTC derivatives have caused a significant increase in demand for High Quality Liquid Assets (HQLAs). As a result, there exists a heightened need for a marketplace to facilitate large scale, cost efficient collateral transfers across the global financial eco-system.
We will provide improved collateral fluidity with an operating model that does not require securities to be moved across CSDs. A standardized and transparent marketplace, where regulators are provided with a “DCR Tracking” view with reduced systemic risks related to ”fire sales” and “fire buys”.
Deutsche Börse Group and HQLAX partner to build securities lending solution on the R3 Corda blockchain platform
Release date: 26 Mar 2018 Deutsche Börse Group and HQLAX have signed a Letter of Intent to form a strategic partnership for the creation of an innovative securities lending solution using the R3 Corda blockchain platform. Using Corda’s unique blockchain technology, the partners will build a fully integrated front to back operating model to...Read More
Credit Suisse and ING execute first live transaction using HQLAᵡ securities lending app on R3’s Corda blockchain platform
PRESS RELEASE March 1, 2018 (New York/London) Financial technology innovator HQLAᵡ, together with Credit Suisse1 and ING, have completed the first live securities lending transaction settled using R3’s Corda blockchain platform. In the groundbreaking transaction, Credit Suisse and ING swapped baskets of securities of value EUR 25 million using the HQLAx Corda-based collateral lending application. During the...Read More
By: Peter Lee Published on: Monday, August 21, 2017 After breakthrough proofs of concept in the spring, two large projects are now quietly moving forward into pilot production that could see blockchain technology transform wholesale markets at the core of the global financial system. Synaps, a joint venture between Ipreo and Symbiont, used the...Read More
AMERICAN BANKER by Penny Crosman published April 06 2017, 3:23pm EDT Too much cash. It sounds like a good problem to have. But for banks, it can be costly to have too much cash sitting around doing nothing. Having too little liquidity can run them afoul with regulators, of course. It’s part of a chief financial...Read More
PRESS RELEASE April 5, 2017 (New York/London/Singapore) – Financial innovation firm R3, five of its members and financial resource management specialist HQLAX have built a collateral lending solution for liquidity transfers on R3’s Corda distributed ledger platform. Project participants CIBC, Commerzbank, Credit Suisse, ING, UBS and HQLAX collaborated with R3 to develop an operating model for a digital...Read More