Wematch announced the successful execution of its first securities lending trade in the Asia-Pacific region between two global financial institutions in Hong Kong.
The trade took place on 13th March 2024 and follows closely on the heels of Wematch’s 2nd APAC Forum earlier this month at the PASLA Conference amid expansion efforts in the region. Wematch’s platform surpassed $300 billion in ongoing notional volume in February 2024.
David Raccat, CRO and co-founder of Wematch, said in a statement: “This transaction demonstrates the strength of our platform and its ability to connect lenders and borrowers seamlessly across the globe. We look forward to further expanding our presence in the APAC region and continuing to drive innovation in the securities financing industry.”
Stay tuned for Finadium News & Opinion’s interview with David highlighting the fintech’s global moves across securities financing.