Case Study: EquiLend achieves a single source of truth for securities finance with Digital Asset's 1Source

Equilend - Customer Case Study

EquiLend, a global financial technology firm in securities finance, faced significant market inefficiencies and risks stemming from inaccurate, siloed data across counterparties. These issues, including constant reconciliation, settlement failures, and high operational costs, prevented the industry from meeting its full potential. To resolve these core pain points, EquiLend partnered with vendor Digital Asset to create a new solution.

Digital Asset implemented its Daml smart contract and distributed ledger technology to build EquiLend 1Source, a single golden source of truth for all trade data. This solution eradicated reconciliation breaks and the resultant settlement failures, leading to faster settlement, fewer errors and disputes, and reduced fees. Traders saved significant time previously spent on resolving trade breaks, allowing for enhanced productivity and more informed trading decisions based on accurate data.

EquiLend

Brian Lamb

Chief Executive Officer