Clifford Chance

Clifford Chance advised HQLAᵡ on its Series C funding round led by HSBC

Clifford Chance advised HQLA^X, an innovative financial technology firm that leverages Distributed Ledger Technology (DLT) to bring game-changing efficiencies to the securities finance and repo industry, on its Series C strategic investment round led by HSBC, with contribution from existing shareholders including BNP Paribas, BNY Mellon, Citigroup, Deutsche Börse Group, Goldman Sachs and J.P. Morgan.

The funding will fuel the continued development and expansion of the HQLA^X DLT platform and support the growth of its client footprint.

HQLA^X’s core clients are banks and asset managers active in the global securities finance and repo markets, and its unique platform enables market participants to execute frictionless, precise and real-time transfer of ownership of securities.

The Clifford Chance team who advised on the funding was led by Corporate partner Katia Gauzès, with the support of senior advisor Louis Mamère and senior associate Nina Ayme on corporate aspects, and Global Financial Markets partner Steve Jacoby with the support of senior associate Boika Deleva on regulatory.

This transaction continues Clifford Chance's long-standing work for HQLA^X.