Cases & Deals


Deutsche Börse AG participates in €14.4 million strategic Series B financing round of HQLAx, a FinTech developing innovative DLT/blockchain solutions for liquidity management

Client(s) Deutsche Börse AG

Jones Day advised Deutsche Börse AG in connection with the €14.4 million strategic Series B investment round of financing for Luxembourg-based FinTech HQLAx. HQLAx operates an innovative DLT/blockchain based platform solution for liquidity management for institutions in international securities markets. The platform enables market participants to transfer ownership of securities seamlessly across disparate collateral pools in order to optimize their liquidity and collateral management generating operational efficiency gains and capital cost savings. The banks participating in the investment round were BNY Mellon, Goldman Sachs, BNP Paribas Securities Services, and Citigroup. As a long-standing strategic partner of HQLAx, Deutsch Börse AG was also involved in the Series B financing with a further tranche. Jones Day had also advised Deutsche Börse AG at the time of the initial investment into HQLAx.