HQLAX receives strategic investment from Broadridge and Digital Asset, plans to migrate to the Canton Network

Foresight News reported that digital collateral liquidity solution provider HQLAX has completed a C-1 strategic funding round, with participation from fintech company Broadridge Financial Solutions and blockchain technology firm Digital Asset. As part of the transaction, representatives from Broadridge and Digital Asset will join the HQLAX board of directors. The funds raised will be used for the ongoing development of the HQLAX technology platform, collaboration with Broadridge’s Distributed Ledger Repo (DLR) platform, and the planned migration to the Canton Network. These initiatives are aimed at leveraging the complementary strengths of all parties to support regulated market use cases in the global securities finance and repo industry.