#None #Broadridge #Digital Asset #HQLAX

HQLAX Secures Strategic Investments for Expansion

In a significant announcement, HQLAX, recognized as a pioneering provider of digital collateral mobility solutions, has revealed that it has successfully acquired strategic minority investments from Broadridge Financial Solutions and Digital Asset. This collaboration signifies a crucial step forward in HQLAX's Series C–1 funding round, aimed at bolstering its next phase of growth.

The influx of capital will facilitate HQLAX’s efforts to enhance its technology platform, foster collaboration with Broadridge’s Distributed Ledger Repo (DLR) platform, and enable a seamless migration to the Canton Network. By leveraging these complementary capabilities, HQLAX aims to support regulated market use cases across the global securities finance and repo industry, an initiative that underscores the company's commitment to revolutionizing collateral mobility.

Guido Stroemer, CEO of HQLAX, expressed his enthusiasm about the investment, stating, "This strategic investment marks a key milestone for HQLAX as we continue to build critical market infrastructure for collateral mobility. The support from Broadridge and Digital Asset reflects the growing industry momentum behind interoperable, privacy-preserving blockchain solutions."

As the demand for scalable, interoperable digital infrastructure intensifies across global financial markets, Broadridge’s Global Head of Digital Innovation, Horacio Barakat, noted, "We are pleased to support HQLAX in its growth as demand increases for scalable, interoperable digital infrastructure. HQLAX has created a compelling solution addressing critical inefficiencies in collateral mobility. We see significant opportunity in merging its innovative solutions with Broadridge’s vast expertise in market infrastructure."

Digital Asset’s Chief Business Development Officer, Kelly Mathieson, also voiced support for the partnership, highlighting that effective collateral mobility is imperative for modern market infrastructure. "HQLAX has demonstrated how to deliver collateral mobility that meets the needs of regulated institutions," she stated. The ongoing relationship aims to enhance collateral and financing workflows across global markets, enabling better connectivity and efficiency.

As part of this transaction, representatives from Broadridge and Digital Asset will assume positions on HQLAX’s Board, with these appointments and the migration to the Canton Network pending regulatory approval from the Commission de Surveillance du Secteur Financier (CSSF).

This strategic investment comes as part of HQLAX’s broader ecosystem, which includes collaboration with banks, market infrastructure providers, and technology firms, all focused on expanding the adoption of digital collateral mobility solutions within the securities finance landscape.

About HQLAX

HQLAX is an innovative financial technology company utilizing Distributed Ledger Technology (DLT) to enhance efficiencies in the global securities finance and repo sectors. Its advanced platform allows banks and asset managers to facilitate frictionless, precise, and real-time collateral mobility. For more details, visit HQLAX.

About Broadridge

Broadridge Financial Solutions is a global technology leader that aids the financial services industry by powering investing, governance, and communications. The firm processes over 7 billion communications yearly, underpinning the daily average trading of more than $15 trillion in both tokenized and traditional securities worldwide. Learn more about Broadridge at Broadridge.

About Digital Asset

Digital Asset is redefining the financial markets by delivering privacy-enabled blockchain solutions that enhance capital flow efficiency. Its Canton Network stands out as a unique public layer one blockchain focused on interoperability and security across decentralized and traditional finance. Discover more about Digital Asset at Digital Asset.