HQLAᵡ IS A FINANCIAL TECHNOLOGY INNOVATION FIRM THAT LEVERAGES DISTRIBUTED LEDGER TECHNOLOGY TO DELIVER LIQUIDITY MANAGEMENT AND COLLATERAL MANAGEMENT SOLUTIONS FOR INSTITUTIONAL CLIENTS IN THE GLOBAL SECURITIES LENDING AND REPO MARKETS.
OVERVIEW
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.
OPERATING MODEL
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 strengthens commitment to new technologies in the post-trade sector / Significant progress in creating innovative blockchain solution to tackle fragmentation of securities lending market Deutsche Börse Group has just made an initial investment of a single-digit euro million amount in HQLAx S.à r.l. in exchange for a minority shareholding. With this step, the […]
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 facilitate […]
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 transaction, […]
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 latter’s […]
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 officer […]
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 collateral […]
Financial Times, January 3, 2016 by Guido Stroemer Link to Financial Times Article (subscription needed)