Despite a lot of buzz around distributed ledger technology (DLT), there has not been widespread adoption in the post-trade space to date, as firms focused on experimentation and proof-of-concept projects. In a DerivSource podcast, Martin O’Connell, solutions architect at DLT vendor HQLAᵡ discusses the evolution of the technology and why 2023 is set to be a breakout year for DLT platforms in the securities lending and repo space.
HQLAᵡ, a Distributed Ledger Technology (DLT) platform in collateral markets, offers a solution that digitizes collateral by ISIN. We set out to identify if HQLAᵡ’s Digital Collateral Records (DCRs) would have helped ease the operational or market burden of margin processing and Gilt volatility this past fall.
Fnality and HQLAᵡ demonstrate together with Banco Santander, Goldman Sachs and UBS, the first cross-chain repo swap pilot across Corda and Enterprise Ethereum, paving the way for the settlement of intraday transactions
Global Investor speaks to, Nick Short, Chief Operating Officer at HQLAᵡ.
Head of sales at HQLAᵡ Elisa Poutanen speaks to Carmella Haswell about improving collateral mobility and interoperability, industry collaborations and adapting to keep up with client demands
HQLAᵡ, J.P. Morgan, Ownera and Wematch have successfully demonstrated the technical feasibility of executing a delivery-versus-payment (DvP) repo transaction across two different distributed ledger technology (DLT) platforms at HQLAᵡ and J.P. Morgan.
Richard Glen, solutions architect at HQLAx outlines the importance of interoperability across digital ledgers and offers a perspective on how interoperability will evolve over the next five years.
The firms have entered into a collaboration agreement to pave the way for any of the 90 legal entities and 900 traders already onboarded on Wematch who are also HQLAᵡ clients to be able to input securities lending indications of interest on the Wematch trade execution platform, with post-trade settlement confirmed by the HQLAᵡ ownership transfer platform. This collaborative service offering is currently in design phase for expected roll-out in Q1 2023.
As part of the combined series of 35-day term transactions with a total size in the hundreds of millions of US dollars, HQLAᵡ created ISIN-level securities trackers called Digital Collateral Records (DCRs) from loaned securities it received from BNY Mellon, giving Goldman Sachs a digital copy of those trades.
We are thrilled to announce that our second HQLAᵡ conference was a great success! The market relevant panels delivered some excellent insights into digital cash and margin solutions.
HQLAᵡ's second conference will take place on the 17th of June 1-4pm BST. Gathering some of the industry leading experts to discuss digital cash and the interoperability of margin solutions.
HQLAᵡ sales lead, Elisa Poutanen, outlines our agency securities lending model that enables agent lenders and their counterparties to reap the benefits offered by DvD settlement in the Securities Finance Times Collateral Annual 2021.
Our Sales Lead, Elisa Poutanen sits down with J.P. Morgan’s Executive Director, Paul Pirie to discuss how HQLAᵡ fits into J.P. Morgan’s digital strategy, the value of improved collateral mobility for our clients and the future of Distributed Ledger Technology.
HQLAᵡ Conference 14 October 2021, 2:00pm-5:30pm BST Transforming the Securities Finance industry via Distributed Ledger Technology Industry leading speakers will discuss distributed ledger technology and frictionless model of asset transfers, live use-cases as well as the future of DLT ecosystems and interoperability that HQLAᵡ, our investors and platform users are working towards to achieve.
Guido Stroemer at HQLAᵡ sets out how the firm’s collateral mobility-boosting distributed ledger technology lays the groundwork for its long-term vision to transition towards a frictionless model of asset transfers
HQLAᵡ Sales Lead, Elisa Poutanen, and CEO, Guido Stroemer discuss the recent series B funding we have received and the exciting new product development opportunities we are working towards.
HQLAᵡ is delighted to have contributed to Americas Securities Finance Guide 2021 and its segment on DLT as the new frontier for securities lending.
HQLAᵡ has added J.P. Morgan as a strategic investor in its Series B funding round joining existing investors BNY Mellon, Goldman Sachs, BNP Paribas Securities Services, Citigroup, and Deutsche Börse Group. J.P.Morgan will also connect its Agency Securities Lending business in 2021.
HQLAᵡ is proud to have contributed to the World Economic Forum study on the role that digital assets and DLT will play in shaping the future of capital markets. This is a comprehensive and informative study which highlights the significant potential that DLT has across many use cases in capital markets.
Guido Stroemer outlines in The Securities Finance Times Technology Annual 2021, how HQLAᵡ plans to expand its product scope and functionality, while further extending connectivity to triparty agents, custodians and market participants (p. 22).
HQLAᵡ referenced in the recent ECB AMI-SeCo report on European stakeholders’ use of distributed ledger technology (DLT) in securities post-trade processes.
Hampered by a lack of standardisation, the securities finance market is now undergoing a technological transformation that aims to reduce fragmentation, lower risks and increase revenues for many actors, finds Bob Currie.
HQLAᵡ is now backed by some of the biggest names on Wall Street. COO Nick Short lays out why connectivity is the key to success and what’s next for the DLT platform provider.
BNY Mellon, BNP Paribas Securities Services, Citigroup and Goldman Sachs will connect to the HQLAᵡ platform in 2021 to accelerate collateral mobility for their clients across the securities finance ecosystem.
Complex front-, middle-, and back-office challenges within firms operating in the capital markets has led many in search of new technologies to ease burdens. These FinTech solutions often emerge in the form of technological advances such as Artificial Intelligence (AI), Robotic Process Automation (RPA), Distributed Ledger Technologies (DLT), Cloud Technologies, and a host of other acronyms, that assist in bringing innovation to value chains.
Nick Short explains how HQLAᵡ provide solutions for the collateral management challenges of today and tomorrow
HQLAᵡ again recognised as one of the 50 European fintech companies to watch
Raoul Bhoedjang and Mario Schlipf explain how the HQLAᵡ platform uses DLT and discuss what is needed for frictionless integration into existing financial market infrastructure.
HQLAᵡ Business Development and Client Onboarding team partners with our clients to provide a first-class customer experience throughout the platform onboarding process.
Guido Stroemer, Co-Founder and CEO, presents HQLAᵡ, a startup leveraging blockchain technology to facilitate securities lending and collateral management operations. Interview.
HQLAᵡ gets down to the nitty-gritty on how DLT technology integrates and is synchronised with the laws and regulations that apply to their scheme.
This paper was first published by Henry Stewart Publications in Journal of Securities Operations & Custody Volume 11 Number 4.
Deutsche Börse and HQLAˣ successfully launched their jointly developed Distributed Ledger Technology (DLT) solution for frictionless collateral swaps in the securities lending market. The live transactions were executed by Commerzbank, Credit Suisse and UBS on the Eurex Repo F7-trading system.
As part of these simulation transactions, ownership of baskets of securities residing at Clearstream Banking S.A. and Euroclear Bank were exchanged without the need for securities to be moved across the Bridge, the long-established electronic communications platform to transmit securities between these two institutions. In addition, J.P. Morgan have commenced the on-boarding of the Deutsche Börse Group owned Trusted Third Party (TTP) entity as a Collateral Receiver and Collateral Account owner, in the J.P. Morgan Tri-party programme. Advanced discussions are underway with additional leading custodians and tri-party agents.
HQLAˣ has been included in The FinTech50, the first list in the world to recognise innovative European fintechs. The list includes Monzo, Revolut and N26 among the others.
At the Securities Lending Technology Symposium on 9th May 2019 it was announced by Guido Stroemer that the Deutsche Börse Group
The following piece is the summary of an Independent Study research assignment conducted by Yale School of Management MBA
Six banks already started onboarding | Deutsche Börse acquired further shares in HQLAᵡ
Whilst the collateral upgrade market provides market participants with balance sheet efficiency achieved from exchanging non-cash collateral baskets,
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
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.
Release date: 26 Mar 2018 Deutsche Börse Group and HQLAᵡ 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.
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
PRESS RELEASE April 5, 2017 (New York/London/Singapore) – Financial innovation firm R3, five of its members and financial resource management specialist HQLAᵡ 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 HQLAᵡ collaborated with R3 to develop an operating model for a digital collateral