HQLA X gets SEC no-action relief for US DLT platform access
Updated
Updated · Markets Media · May 7
HQLA X gets SEC no-action relief for US DLT platform access
8 articles · Updated · Markets Media · May 7
The 36-month letter lets eligible US broker-dealers and banks use HQLA X's collateral mobility platform under transaction limits, eligibility rules and ongoing reporting requirements.
The move extends access beyond non-US affiliates and branches of regulated institutions, marking HQLA X's entry into the US market as it seeks a permanent conditional exemption.
Chief executive Guido Stroemer called it a milestone, and the company said the relief follows recent strategic investments from Broadridge and Digital Asset to support growth on Canton.
After a 36-month SEC trial, can blockchain truly fix the multi-trillion-dollar U.S. collateral market or will old systems prevail?
Could this instant collateral technology ultimately reduce the need for banks to hold trillions in reserves at the Federal Reserve?