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 HQLAᵡ S.à r.l. in exchange for a minority shareholding. With this step, the company further strengthens its ties with HQLAᵡ, aiming to increase market efficiency in the fragmented securities lending market by leveraging innovative technologies in a collaborative way.
In March, Deutsche Börse Group had announced that together with HQLAᵡ it is building a securities lending solution leveraging the R3 Corda blockchain platform. Over the last five months, significant progress has been made: The on-boarding process with an initial set of banks has been kicked off and detailed discussions with relevant regulatory authorities are taking place. The Group is likely to acquire further shareholdings in HQLAᵡ around year-end.