Deutsche Boerse acquires a minority stake in Blockchain Partner HQLAx


The German joint stock company Deutsche Boerse (DB) has promoted its partnership with the HLAAx blockchain liquidity provider, making a one million euro investment to become a minority shareholder, a press release announces Tuesday, August 28 .

Deutsche Boerse AG is a German transaction and market service provider with up to € 3,695 billion ($ 4.37 billion) of total capital from 2015.

The two parties, originally They collaborated in March to produce a blockchain-based securities lending platform using the R3 Consortium's Rope technology, said the move allowed them to expand their field activities.

"This partnership gives us the opportunity to develop a blockchain-based solution for post-trading", Philippe Seyll, responsible for lending global securities of DB activities commented.

"Our goal is to partner with like-minded partners such as HQLAx to create a standardized securities lending market.

DB will also acquire a two-man presence on the HQLAx board, something that together with the investment of this. 39, last described as a "big step forward."

As Cointelegraph reported in March, DB board member Jeffrey Tessler denied that blockchain or cryptocurrency firms would be involved in the creation of the product.

However, in May, the company said it was "at work" to become familiar with the basic principles of Bitcoin, potentially with an eye on some form of integration at a later date.

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