HQLAX onboards Standard Chartered
04 August 2025 Luxembourg, Singapore
Image: Tackey/stock.adobe.com
HQLAX has welcomed Standard Chartered onto its platform as a participant.
The firm has started to use the platform for collateral swaps with external lenders and between internal entities across APAC and EMEA.
By using the platform鈥檚 delivery-versus-delivery (DvD) settlement mechanism, Standard Chartered is mitigating intraday credit and liquidity exposures when settling securities lending transactions, says HQLAX.
Standard Chartered plans to extend its participation on the platform to include HQLAX鈥檚 delivery-versus-payment (DvP) use cases, to enable real-time access to liquidity and to mobilise collateral into triparty agents via the firm鈥檚 Digital Collateral Record (DCR) use case.
Commenting on the news, Ed Donald, global head of repo at Standard Chartered, says: 鈥淪CB is taking a leading position in [the] development of digital assets and we are working with market participants to build a broad digital assets ecosystem.
鈥淧artnering with HQLAX is exciting as we look to create solutions and future opportunities to better serve our clients whilst reducing settlement risk.鈥�
Guido Stroemer, CEO and co-founder at HQLAX, adds: 鈥淚t鈥檚 a true pleasure to work with Team SCB, and we look forward to expanding SCB鈥檚 use of our platform across several new and innovative use cases in development.鈥�
The firm has started to use the platform for collateral swaps with external lenders and between internal entities across APAC and EMEA.
By using the platform鈥檚 delivery-versus-delivery (DvD) settlement mechanism, Standard Chartered is mitigating intraday credit and liquidity exposures when settling securities lending transactions, says HQLAX.
Standard Chartered plans to extend its participation on the platform to include HQLAX鈥檚 delivery-versus-payment (DvP) use cases, to enable real-time access to liquidity and to mobilise collateral into triparty agents via the firm鈥檚 Digital Collateral Record (DCR) use case.
Commenting on the news, Ed Donald, global head of repo at Standard Chartered, says: 鈥淪CB is taking a leading position in [the] development of digital assets and we are working with market participants to build a broad digital assets ecosystem.
鈥淧artnering with HQLAX is exciting as we look to create solutions and future opportunities to better serve our clients whilst reducing settlement risk.鈥�
Guido Stroemer, CEO and co-founder at HQLAX, adds: 鈥淚t鈥檚 a true pleasure to work with Team SCB, and we look forward to expanding SCB鈥檚 use of our platform across several new and innovative use cases in development.鈥�
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