HSBC Leads Funding in HQLAᵡ DLT Platform
HQLAᵡ 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. According to a story in MarketsMedia news, the funding will fuel the continued development and expansion of the HQLAX Distributed Ledger Technology (DLT) platform and support the growth of its client footprint. The HQLAX 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.