Deutsche Commerzbank, Credit Suisse and UBS conduct first DLT-based transaction on Deutsche Börse's securities lending platform HQLAx

According to Finextra, Commerzbank, Credit Suisse and UBS have successfully executed the first real-time transaction on Deutsche Börse's blockchain-based securities lending platform HQLAx. A frictionless mortgage swap system based on distributed ledger technology (DLT) is performed on the Eurex Repo F7 trading system. The transaction required the exchange of a package of corporate bonds and German government bonds between UBS and Commerzbank, both of which used Clearstream Banking as custodian.