HQLAx Blockchain Liquidity Provider and Germany’s Deutsche Boerse Partner
Deutsche Boerse (DB) decided to extend its partnership with the blockchain company and liquidity provider HQLAx. In order to do so, the company had to make a million euro investment and become a minority shareholder. The information has been released in a press release on August 28.
Deutsche Boerse AG is an important marketplace organizer from Germany held as much as €3.695 billion as of 2015.
The partnership aims to expand the business both companies have in the cryptocurrency world. Both parties worked to produce a securities lending platform that uses R3 Consortium’s ecosystem known as Corda. With this partnership, they can expand their activities in the field.
Philippe Seyll, responsible for DB’s global securities lending activities, said about the partnership:
“Our aim is to work together with like-minded partners such as HQLAx to create a standardized market for securities lending.”
Additionally, DB will be gaining a two-man presence on HQLAx’s board. For the company this is a very important ‘step forward.’
Back in May, the company explained that it was trying to understand Bitcoin and its fundamentals. It seemed that the company wanted to integrate it at some point in the future. Currently, the company is trying to settle in the blockchain market and improve its services and products.