HQLA^X has successfully closed a Series C strategic investment round led by HSBC, with contribution from existing shareholders including BNP Paribas, BNY Mellon, Citigroup, Deutsche Börse Group, Goldman Sachs and J.P.Morgan.

The funding will fuel the continued development and expansion of the HQLA^X Distributed Ledger Technology (DLT) platform and support the growth of its client footprint.

As part of HSBC’s investment, Jamie Anderson, Head of Collateral Treasury Trading at HSBC, will join HQLA^X’s Board of Directors. Speaking on the appointment, Mr Anderson said: “Digital asset innovation is accelerating at pace around the world, which is why I’m looking forward to working closely with HQLA^X to enable us to collaboratively build on our strengths as partners, and to optimise liquidity management and collateral management activities.”

John O’Neill, Global Head of Digital Assets Strategy for Markets and Securities Services at HSBC, added: “We are excited to tap into the opportunity HQLA^X’s platform offers. By combining the scale and international network of HSBC with HQLA^X’s distributed ledger technology for managing collateral, together we can help drive innovation and efficiency in global markets.”

Moran Levinovitz, Head of Ventures at HSBC, said: “We are pleased to have led this round and partnered with leading fintech, HQLA^X. HSBC is committed to undertaking investments in leading companies in the capital markets space, including those that support our digital asset strategy.”

Guido Stroemer, CEO of HQLA^X, said: “We are very excited to welcome HSBC as a strategic investor. In addition to investing in our company in support of our strategic platform vision, HSBC is also connecting to our platform, both as an Agent Lender and as a Bank Borrower. We are proud of completing the transaction and grateful for the strong and continued commitment from our existing investors.”

The HQLA^X proprietary platform enables clients to execute frictionless, precise and real-time transfer of ownership to meet a wide variety of collateral obligations. It helps the securities finance industry address collateral fragmentation by extending its connectivity to leading triparty agents, custodians and market participants.

About HSBC

HSBC Holdings plc, the parent company of HSBC, is head quartered in London. HSBC serves customers worldwide from offices in 62 countries and territories. With assets of US$3,039 bn at 31 December 2023, HSBC is one of the world’s largest banking and financial services organisations.

About HQLA^X

HQLA^X is an innovative financial technology firm that leverages Distributed Ledger Technology (DLT) to bring game-changing efficiencies to the securities finance and repo industry. Our core clients are banks and asset managers active in the global securities finance and repo markets, and our unique platform enables market participants to execute frictionless, precise and real-time transfer of ownership of securities.

www.hqla-x.com

Contacts:

BNP Paribas

Emma Salmon        

emma.salmon@uk.bnpparibas.com

+44 (0)788 1249 711

BNY Mellon

Ryan Wells

ryanw@bnymellon.com

Citigroup

Rekha Jogia-Soni

rekha.jogiasoni@citi.com

+1 212 816 3540

Deutsche Börse Group

Tabea Behr

Tabea.behr@deutsche-boerse.com

+49 692 111 3016

Goldman Sachs

Nick Carcaterra
+1 212 902 5400

J.P. Morgan

Patrick Burton

patrick.o.burton@jpmorgan.com

+44 20 7134 9041

HSBC

Rebecca Lyons

rebecca.lyons@hsbc.com

+44 7835 856 728

HQLA^X

Elisa Poutanen

elisa.poutanen@hqla-x.com

+352 621 562 920

‍