Broadridge Financial Solutions, alongside Digital Asset, has made a strategic investment in HQLAX, a provider of digital collateral mobility solutions.
The investment will support HQLAX‘s planned migration to the Canton Network, and a collaboration with Broadridge’s Distributed Ledger Repo (DLR) platform.
The firms said these initiatives will leverage their complementary capabilities to support regulated market use cases across the global securities finance and repo industry.
“We are pleased to support HQLAX in its next phase of growth as demand increases for scalable, interoperable digital infrastructure across global financial markets,” said Horacio Barakat, global head of digital innovation at Broadridge.
“HQLAX has built a compelling solution that addresses critical inefficiencies in collateral mobility, and we see significant opportunity in combining its innovation with Broadridge’s deep expertise in market infrastructure and market-leading distributed ledger-enabled solutions. This investment reflects our commitment to accelerating the adoption of digital assets and collateral mobility to improve efficiency, resilience, and capital optimization across the securities finance ecosystem.”
“This strategic investment marks a key milestone for HQLAX as we continue to build critical market infrastructure for collateral mobility,” said Guido Stroemer, CEO of HQLAX. “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.”
The investment was made as part of the company’s Series C‑1 funding round. Under the terms of the transaction, representatives from Broadridge and Digital Asset will join the HQLAX Board.
The planned Board appointments and the migration to the Canton Network are subject to regulatory approval from the Commission de Surveillance du Secteur Financier (CSSF).
