Deutsche Börse Group joined forces with HQLAx using R3’s Corda Blockchain platform to develop Blockchain-based platform for securities lending. This is reported by Finance Magnates.
Partnership aimd to create a “fully integrated front-to-back operating model” in order to “facilitate more efficient collateral management of high-quality liquid assets.”
With the creation of a neutral custody agnostic control layer, Deutsche Börse is embracing distributed ledger technology and complements it with a neutral and trusted market infrastructure role open to multiple custodians and collateral agents. This way Deutsche Börse supports market participants to deal with the global regulatory framework whilst reaping the benefits of the leading edge distributed ledger technology.
Executive Manager, Deutsche Börse Group
In early March, Credit Suisse and ING completed the first securities deal using a mechanism based on HQLAx Corda.