- BNY Mellon ( NYSE: BK ) and Goldman Sachs successfully completed the industry's first agency securities lending transactions using the HQLA X Distributed Ledger Technology platform.
- Under the combined series of 35-day term transactions, HQLA created ISIN-level securities trackers called Digital Collateral Records from loaned securities it received from BNY Mellon, giving Goldman Sachs a digital copy of those trades.
- The ISIN-level DCRs records will enable holders and agents to transfer ownership of any security on the HQLA distributed ledger, without the need for conventional settlement mechanisms.
For further details see:
BNY Mellon and Goldman Sachs close first HQLAx Agency Securities lending transactions