Founders: Guido Stroemer (CEO), Olly Benkert
Keywords: Payments, clearing, settlements, blockchain, R3
Who is it for: Institutional clients in global securities financing markets
Total funding: €10M
Latest funding: €10M, corporate round, Aug 2018 - Deutsche Boerse
“Improving collateral mobility across a fragmented securities settlement ecosystem.”
New bank regulations for liquidity, mandatory clearing, and margin requirements for OTC derivatives have caused a significant rise in demand for High Quality Liquid Assets (HQLAs).
Luxembourg’s HQLAx provides market participants with a platform that helps improve collateral fluidity by creating a new, more efficient, more transparent and more cost-effective marketplace for liquidity transfers. Clients report increased efficiencies and resilience, along with the potential for significant savings. Deutsche Borse increased its stake in HQLAx in January, reporting “significant progress’ with the initiative to build a blockchain-based front-to-back operating model for securities lending.