Global law firm White & Case LLP has advised global fintech leader Broadridge Financial Solutions, Inc. (Broadridge) on its strategic minority investment in HQLAX, a leading provider of digital collateral mobility solutions, as part of HQLAX’s Series C-1 funding round.
White & Case partner Kimberly Petillo-Decossard, co-head of the Firm’s Global Mergers & Acquisitions Practice, said: "This transaction is at the crossroads of market infrastructure, digital assets and innovative fintech. Our work with Broadridge showcases the Firm’s strength in advising leading financial institutions on complex, technology-driven transactions that are transforming capital markets and collateral management globally."
White & Case partner Thomas Glauden, who led the Firm’s deal team, said: "We brought together our local market knowledge and our cross-border M&A, financial regulatory and technology transaction capabilities to support Broadridge on a structure designed to facilitate scalable digital collateral mobility solutions across global securities finance and repo markets."
Broadridge is a global technology leader with trusted expertise and transformative technology, helping clients and the financial services industry operate, innovate and grow. It powers investing, governance and communications for clients – driving operational resiliency, elevating business performance and transforming investor experiences. Broadridge technology and operations platforms process and generate more than seven billion communications annually and underpin the daily average trading of more than US$15 trillion in tokenized and traditional securities globally.
HQLAX is a financial technology firm that uses distributed ledger technology to deliver efficiencies to the global securities finance and repo industry, enabling banks and asset managers to achieve real-time collateral mobility.
The White & Case team which advised on the transaction included partners Kimberly Petillo-Decossard, Ross Sturman (both New York), Thierry Bosly (Brussels & Luxembourg), Thomas Glauden (Luxembourg & Brussels) and Emmanuel Gutton (Luxembourg), local partner Olivier Poinsignon (Luxembourg) and associates Arvine Nooralian and Cristina Savoca (both Luxembourg).
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