HQLAx receives No-Action Letter from SEC staff
06 May 2026 US
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HQLAx has received a No-Action Letter (NAL) from the US Securities and Exchange Commission Division of Trading and Markets staff, that permits eligible US broker‑dealers and banks to access the HQLAx DLT-enabled collateral mobility platform for a 36‑month period.
As set out in the NAL, participation by US institutions is subject to defined eligibility criteria, transaction limits, and ongoing reporting requirements.
The NAL permits HQLAx to offer its collateral mobility services to qualified US broker‑dealers and banks, extending access to US regulated institutions where the services had previously been available only to their non‑US affiliates and branches.
Guido Stroemer, CEO of HQLAx, states: “This marks an important milestone for HQLAx as we expand our client footprint into the US market.
“We appreciate the SEC staff’s constructive engagement throughout the NAL process, as well as the support of our counsel, Clifford Chance.”
HQLAx announced it will continue to engage constructively with SEC staff during the NAL period while pursuing a permanent, conditional exemption.
The NAL follows the recent HQLAx announcement of strategic investments from Broadridge and Digital Asset to support the next phase of growth for HQLAx on Canton.
As set out in the NAL, participation by US institutions is subject to defined eligibility criteria, transaction limits, and ongoing reporting requirements.
The NAL permits HQLAx to offer its collateral mobility services to qualified US broker‑dealers and banks, extending access to US regulated institutions where the services had previously been available only to their non‑US affiliates and branches.
Guido Stroemer, CEO of HQLAx, states: “This marks an important milestone for HQLAx as we expand our client footprint into the US market.
“We appreciate the SEC staff’s constructive engagement throughout the NAL process, as well as the support of our counsel, Clifford Chance.”
HQLAx announced it will continue to engage constructively with SEC staff during the NAL period while pursuing a permanent, conditional exemption.
The NAL follows the recent HQLAx announcement of strategic investments from Broadridge and Digital Asset to support the next phase of growth for HQLAx on Canton.
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