Germany’s joint stock company Deutsche Boerse (DB) has furthered its partnership with blockchain-based liquidity provider HQLAx, making a million euro investment to become a minority shareholder, a press release announces Tuesday, August 28.
The two parties, which originally partnered in March to produce a blockchain-based securities lending platform using R3 Consortium’s Corda technology, said the move allowed them to expand their activities in the field.
“Our aim is to work together with like-minded partners such as HQLAx to create a standardized market for securities lending.”
DB will also gain a two-man presence on HQLAx’s board, something which together with the investment the latter describes as a “big step forward.”
Nonetheless, in May, the company said it was “deep at work” getting to grips with the fundamental principles of Bitcoin, potentially with an eye to some form of integration at a later date.