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HQLAx
Made by HQLAx
Distributed-ledger platform that transfers ownership of collateral across custody pools without moving the securities; shareholders include Goldman Sachs, HSBC, BNY, BNP Paribas and UBS.
HQLAx is a collateral and margin product from HQLAx. Distributed-ledger platform that transfers ownership of collateral across custody pools without moving the securities; shareholders include Goldman Sachs, HSBC, BNY, BNP Paribas and UBS. It is also listed under trade settlement. HQLAx is based in Luxembourg. Buyside Fintech verified that HQLAx lists this product on the vendor's own website on 2026-10-11, and the page we read is linked below. We do not record how it is deployed, how it is priced, what it costs and the firm sizes it serves for this product, because HQLAx does not publish it; the table below shows those rows empty rather than hiding them. Practitioner reviews and questions about HQLAx appear below, and anyone at a firm that uses it can add one.
What practitioners say
Questions and notes