HQLAX, a provider of digital collateral liquidity solutions, has completed its C-1 round of strategic financing. According to Foresight News, the round saw participation from fintech company Broadridge Financial Solutions and blockchain technology firm Digital Asset. As part of the transaction, representatives from Broadridge and Digital Asset will join the HQLAX board.

The funds will be used to further develop HQLAX's technology platform, collaborate with Broadridge's Distributed Ledger Repo (DLR) platform, and plan a migration to the Canton Network. These initiatives aim to leverage the complementary capabilities of the involved parties to support regulated market use cases in the global securities finance and repo industry.