What to make of the Deutsche Borse/HQLAX announcement on blockchain for securities lending (Premium)

Deutsche Börse Group and HQLAX announced on Monday a partnership to build a new securities lending blockchain platform based on R3’s Corda technology. “The partners will build a fully integrated front to back operating model to facilitate more efficient collateral management of high quality liquid assets.” Is this an important development for the markets or just another press release floating by on the river? We see a bit of both.
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