Eurex Clearing launches DLT-enabled collateral mobilisation service
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Eurex Clearing launches DLT-enabled collateral mobilisation service 29 July 2025Germany Reporter: Carmella Haswell
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Eurex Clearing has launched a distributed ledger technology (DLT)-facilitated collateral mobilisation service.
The “landmark first transaction” saw J.P. Morgan mobilise securities collateral for its client, Dutch pension fund investor PGGM, from another custody location to Clearstream Banking for use as margin collateral at Eurex Clearing.
The solution, which uses HQLAX’s digital ledger, has the potential to “significantly enhance” collateral mobility, enabling clients to manage collateral needs, says Eurex Clearing.
It also aims to provide instant access to security collateral assets via custodians and central securities depositories (CSDs).
The collateral is then moved to Clearstream and deposited with Eurex Clearing as margin collateral, streamlining the entire process.
According to the firm, the service represents a key milestone in Eurex Clearing’s collateral management strategy and its broader ambitions in digital services.
Anja Kleefsman, head of treasury and liquidity management at PGGM, adds: “PGGM is delighted to be part of this first live DLT-based collateral mobilisation transaction initiated to meet our margin obligations at Eurex Clearing.
“Optimising our collateral management is a key priority and an element that plays an important role here is the ease of moving collateral.
“Instant access to and mobilisation of collateral assets provided by this DLT-based technology is a major step forward and we welcome this innovation.”
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