German stock exchange operator Deutsche Boerse (DE:DB1Gn) Group said on Tuesday it had bought a minority stake in HQLAx, a fintech company focused on liquidity and collateral management solutions, for a “single-digit euro million amount”. Deutsche Boerse plans to collaborate with HQLAx to build a blockchain-based operating model for securities lending.
Under the deal, the German bourse operator will get two board seats at HQLAx, which will be represented by Jens Hachmeister, who leads the company’s blockchain initiatives, and Philippe Seyll, who leads the group’s Global Securities Financing division.
Seyll commented...
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