June 22, 2021
Today, HQLAᵡ announced it 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 has already connected to the HQLAᵡ platform as Triparty Agent, and J.P.Morgan will also connect its Agency Securities Lending business in 2021.
HQLAᵡ's core clients are financial institutions active in securities lending and collateral management. The HQLAᵡ platform enables market participants to transfer ownership of securities seamlessly across disparate collateral pools at precise moments in time. This allows participants to optimize their liquidity management and collateral management activities, thereby generating operational efficiency gains and capital cost savings.
Guido Stroemer, Chairman and CEO of HQLAᵡ, said,
“J.P.Morgan’s strategic investment in our company and its commitment to connect to our platform speak volumes towards validating our shared vision to accelerate collateral mobility across the global securities finance ecosystem.”
“We’re happy to support HQLAᵡ as they continue to grow the collateral management blockchain ecosystem,” said Ben Challice, Head of Trading Services, J.P. Morgan.
HQLAᵡ is an innovative financial technology firm founded by financial market practitioners. The company’s vision is to accelerate the financial ecosystem’s transition towards frictionless ownership transfers of assets, and its core clients are financial institutions active in securities lending and collateral management. www.hqla-x.com