Deployments · HQLAX Digital Collateral Registry · platform by HQLAx
Fnality and HQLAX cross-chain repo settlementUpdated 7 Nov 2026
A link between HQLAX's collateral registry and Fnality's central-bank-money payment system so the two legs of a repo settle atomically across two ledgers (Corda and enterprise Ethereum). Demonstrated on a test network in 2022 with support from Santander, Goldman Sachs and UBS. No confirmed live trade found.
AnnouncedProof of conceptPilotLive (limited)Live (scaled)
Proof of concept since Dec 2022[1] — Test network only in the cited source; later end-to-end tests and a planned live launch subject to UK approval were reported but not verified here. · Reviewed 25d ago
- Assets
- [1]Collateral on the HQLAX registry
- Networks
- Jurisdictions
- United Kingdom, European Union
Participants
- FnalityCash leg provider, Operator[1]United Kingdom
- HQLAxPlatform provider, Operator, Technology provider[1]Luxembourg
- Banco SantanderCounterparty[1][3]Spain
- Goldman SachsCounterparty[1][3]United States
- UBSCounterparty[1][3]Switzerland
- AdharaTechnology provider[1]United Kingdom
- EurexPlatform provider[2]Germany
- R3Technology provider[2]United States
Moves across networks
- direct linkAtomic swap or settlementHQLAX ledger ↔ Fnality Payment System[1]Atomic cross-ledger settlement on a test network only.
Timeline
- Happened Dec 2022 (month only) · First transaction · recorded 11 Oct 2026Proof-of-concept DvP repo settles atomically across the two platforms on a test network.[1]
Sources
- [1]Fnality and HQLAX demonstrate the first cross-chain repo swap pilot — Fnality, Dec 2022. Accessed 11 Oct 2026.B
- [2]Fnality and HQLAX Complete Testing | Fnality — Fnality, 18 Jun 2024. Accessed 7 Nov 2026.B
- [3]HQLAᵡ — HQLAx, 5 Dec 2022. Accessed 7 Nov 2026.B
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