Eurex Clearing Launches First DLT-Based Collateral Mobilisation Service with J.P. Morgan and PGGM

Eurex Clearing, part of Deutsche Börse Group, has become the first central counterparty (CCP) to introduce a Distributed Ledger Technology (DLT)-enabled collateral mobilisation service. In its first live transaction, J.P. Morgan successfully transferred securities collateral on behalf of Dutch pension fund PGGM from a separate custody location to Clearstream Banking S.A. for use as margin collateral at Eurex Clearing. The service is powered by HQLAX’s DLT platform and involves collaboration with Clearstream.

This new system allows clients to access and move securities across locations instantly, improving collateral mobility and operational efficiency. The service received regulatory non-objection from BaFin and forms part of Eurex Clearing’s broader digital transformation strategy. It represents a significant development in modernising collateral management through technology and industry collaboration.