Broadridge and Digital Asset Invest in HQLAX | LeapRate | Online Trading Industry News, Broker Intelligence & Fintech Analysis
HQLAX, a provider of digital collateral mobility solutions, has secured strategic minority investments from Broadridge Financial Solutions and Digital Asset as part of its Series C-1 funding round, with the capital earmarked for platform development and a planned migration to the Canton Network.
The investment is also expected to support collaboration between HQLAX and Broadridge’s Distributed Ledger Repo platform, combining complementary capabilities to address inefficiencies in collateral mobility across the global securities finance and repo industry.
As part of the transaction, representatives from both Broadridge and Digital Asset will join the HQLAX board, subject to regulatory approval from Luxembourg’s financial regulator, the CSSF. The migration to the Canton Network is also subject to regulatory sign-off.
Guido Stroemer, Chief Executive of HQLAX, stated: “The backing from Broadridge and Digital Asset reflects growing industry momentum behind interoperable, privacy‑preserving blockchain solutions, with the Canton Network enabling connectivity across regulated capital markets.”
Horacio Barakat, Global Head of Digital Innovation at Broadridge, said the investment reflected the firm’s commitment to accelerating the adoption of digital assets and collateral mobility to improve efficiency and capital optimisation across the securities finance ecosystem.
Kelly Mathieson, Chief Business Development Officer at Digital Asset, noted that the firm is excited to deepen its relationship with HQLAX as it entered its next phase of growth alongside the Canton ecosystem.
