Six banks have confirmed they have started the onboarding process and will join the platform at launch date, expected to be in the first half of 2019.
Tag: Deutsche Boerse
The investment expands the partnership with HQLAx established in March this year, with the aim of building a blockchain-based solution for securities lending transactions.
Jeffery Tessler, the former Clearstream CEO who has been a part of the executive board since 2004, will step down in July.
Deutsche Boerese and FinTech firm HQLAX will jointly use R3's blockchain technology for the securities lending platform.
Theodor Weimer, the current CEO at HypoVereinsbank UniCredit Bank, will take over as CEO of the exchange group next year.
Exchange operator has acquired a minority stake in data wrangling firm Trifacta.
Blockchain prototype is the first result of collaboration between the two firms.
CME Group and Deutsche Boerse bosses remain firm on importance of banks in central clearing.