Broadridge Financial Solutions and Digital Asset announced a strategic minority investment in HQLAx, a leading provider of digital collateral mobility solutions, on April 21 2026. The investment is part of HQLAx’s Series C‑1 funding round and will support the company’s next phase of growth, including the continued evolution of its technology platform and a planned migration to the Canton Network.
The partnership is designed to combine HQLAx’s privacy‑preserving blockchain technology with Broadridge’s Distributed Ledger Repo (DLR) platform, creating a joint offering that leverages Broadridge’s market‑infrastructure expertise and HQLAx’s advanced collateral‑mobility capabilities. The collaboration will enable seamless, secure, and privacy‑preserving settlement of tokenized collateral across regulated markets, positioning both firms to capture a growing share of the digital‑asset infrastructure space.
HQLAx’s migration to the Canton Network, developed by Digital Asset, will unlock interoperability and privacy features that are critical for institutional participants. The investment will accelerate the deployment of the Canton Network in the securities‑finance ecosystem, while Broadridge’s DLR platform, which processed over $8 trillion per month in repo transactions by April 2026, will gain a new, high‑volume collateral‑mobility partner. Together, the firms aim to improve efficiency, resiliency, and capital optimization for collateral‑heavy markets.
The announcement was well received by investors, contributing to a positive market reaction. Analysts noted that the investment signals Broadridge’s continued commitment to expanding its digital‑asset footprint and that the partnership could accelerate the adoption of privacy‑enabled blockchain solutions in regulated capital markets.
"This strategic investment marks a key milestone for HQLAx as we continue to build critical market infrastructure for collateral mobility," said Guido Stroemer, CEO of HQLAx. "The backing from Broadridge and Digital Asset reflects growing industry momentum behind interoperable, privacy‑preserving blockchain solutions, with the Canton Network enabling connectivity across regulated capital markets."
"We are pleased to support HQLAx in its next phase of growth as demand increases for scalable, interoperable digital infrastructure across global financial markets," added Horacio Barakat, Global Head of Digital Innovation at Broadridge. "HQLAx has built a compelling solution that addresses critical inefficiencies in collateral mobility, and we see significant opportunity in combining its innovation with Broadridge’s deep expertise in market infrastructure and market‑leading distributed ledger‑enabled solutions."
"Collateral mobility is a core requirement for modern market infrastructure, and HQLAx has demonstrated how to deliver it in a way that meets the needs of regulated institutions. We’re excited to deepen our relationship with HQLAx as it enters its next chapter and to support its work alongside the Canton ecosystem to enable more connected, efficient, and scalable collateral and financing workflows across global markets," said Kelly Mathieson, Chief Business Development Officer at Digital Asset.
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