HQLAX Secures Strategic Investment from Broadridge & Digital Asset, Migrates to Canton Network

HQLAX, a digital collateral mobility solutions firm headquartered in Luxembourg and New York, announced on the 21st (local time) that it has secured a Series C-1 strategic minority equity investment from global fintech firm Broadridge Financial Solutions (NYSE: BR) and blockchain technology company Digital Asset.

The proceeds will be used to advance HQLAX's technology platform, strengthen collaboration with Broadridge's Distributed Ledger Repo (DLR) platform, and support the migration of its platform to the Canton Network. Representatives from both investors are expected to join the HQLAX board of directors. The board appointments and the Canton Network migration are subject to regulatory approval from Luxembourg's Commission de Surveillance du Secteur Financier (CSSF).

Collateral Mobility Emerges as Core Capital Markets Infrastructure

HQLAX is a fintech firm that leverages distributed ledger technology (DLT) to deliver real-time collateral mobility across global securities finance and repo markets. Its platform enables banks and asset managers to transfer collateral with precision and minimal friction.

HQLAX's CEO stated, "We are seeing growing industry momentum around the Canton Network for interoperability and privacy-preserving blockchain solutions across regulated capital markets," adding that "this investment marks a significant milestone in building critical market infrastructure for the global securities finance and repo industry."

Broadridge Processes $354 Billion in Tokenized Assets Daily

Broadridge already operates the world's largest institutional distributed ledger repo platform, settling approximately $354 billion in tokenized real-world assets on a daily average basis. The firm processes over 7 billion communications annually and maintains infrastructure that spans both traditional and digital asset ecosystems.

Broadridge's Global Head of Digital Innovation stated that "HQLAX has built a solution that addresses core inefficiencies in collateral mobility, and there is a significant opportunity when combined with Broadridge's market infrastructure expertise."

Canton Network as the Critical Connective Layer

Digital Asset is the founding creator of the Canton Network, the only public Layer 1 blockchain with built-in privacy capabilities. Digital Asset's Chief Business Development Officer remarked that "collateral mobility is a foundational requirement of modern market infrastructure," and expressed commitment to "supporting HQLAX in delivering more connected and efficient collateral and financing workflows across global markets within the Canton ecosystem."