Broadridge and Digital Asset have made minority investments in digital collateral mobility solutions provider HQLAX.
The investments follow increased interest in digital asset solutions across the fixed income landscape. Broadridge’s distributed ledger repo (DLR) service has seen volumes balloon over the last year, with an average US$354 billion going through the platform daily in March.
READ MORE: Broadridge’s DLT repo volumes almost quadruple YoY
HQLAX, which specialises in distributed ledger technology (DLT) for the securities finance and repo markets, will collaborate with the DLR platform following Broadridge’s investment.
Funding will also be used to support HQLAX’s overall growth and its plans to move to the Canton Network. The network is also being used to provide on-chain collateral in US Treasuries and Japanese Government Bonds.
READ MORE: Japan eyes on-chain JGB collateral
Representatives from Broadridge and Digital Asset will join HQLAX’s board.
Financial details of the investments have not been disclosed.
©Markets Media Europe 2025
