HQLAᵡ is a financial technology innovation firm that leverages distributed ledger technology to provide liquidity management and collateral management solutions for institutional clients in the global securities financing markets.
HQLA's immediate goal is to improve collateral mobility amongst market-leading tri-party agents and custodians.
HQLAᵡ was founded in 2017 by Guido Stroemer and Olly Benkert. The company is headquartered Luxembourg, Luxembourg and Zug, Switzerland.
HQLAᵡ, together with Deutsche Börse, has created a multi-layer operating model which enables our clients to exchange ownership of baskets of securities across disparate collateral pools at precise moments in time.
The HQLAᵡ operating model leverages distributed ledger technology to enable atomic Delivery verses Delivery (DvD) for baskets of securities residing at multiple custodians. HQLAᵡ could ultimately be used to enhance regulatory transparency over collateral chains, and potentially facilitate risk compression solutions for post default scenarios.
HQLAᵡ is backed by BNY Mellon, Goldman Sachs, BNP Paribas Securities Services, Citigroup, ING, and Deutsche Börse Group. The company raised €14.4B in a Series B round on Jan 11, 2021. This brings HQLAX's total funding to €24.4M to date.