A marketplace in Germany for securities trading, the Deutsche Börse Group is going to release a platform based in Blockchain for securities lending in partnership with HQLAx. The platform will be using the Corda Blockchain platform of R3, as the firm announced in a press release yesterday, March 26.
Finance Magnates describes that the collaboration is going to create an operating model that is completely integrated (front-to-back) to utilize more powerful collateral management of liquid assets with high-quality.
As the Deutsche Börse Group’s Executive Manager Philippe Seyll reported, the partnership between the HQLAx and the German securities lending exchange could fix some of the major problems in current securities trading markets via innovating means.
At the beginning of this month, ING along with Credit Suisse accomplished a live securities’ transaction through the HQLAx collateral trading application that is based in Corda.
What does this project have to offer at the market?
Further, Mr. Seyll stated that with a neutral custody control layer’s creation, the company embraces distributed ledger tech and completes it with a trusted market infrastructure role that is open to many different additional agents and custodians. Therefore, Deutsche Börse helps the participants of the market to face the issues of the international regulatory framework while gaining the innovative distributed ledger technology’s benefits.