Commerzbank (DE:CBKG), Credit Suisse (SIX:CSGN) and UBS carried out the first transactions on Deutsche Boerse (DE:DB1Gn) and HQLAX’s distributed ledger technology-enabled (DLT) security lending platform.
According to a Deutsche Boerse press release on Dec. 3, the company jointly developed the platform with fintech firm HQLAX, which was launched by R3 and uses Corda DLT technology to provide liquidity and collateral management products.