EquiLend's 1Source Goes Live With BNY and National Bank of Canada. Additional Counterparties to Follow
EquiLend announced that The Bank of New York Mellon (NYSE: BK) and National Bank of Canada have begun executing live trades on 1Source, EquiLend's DLT-based platform for securities finance, marking a step toward unified trade reconciliation and a single golden source of truth for lending and financing transactions.
The release on Oct 15, 2025 says a global broker-dealer will join imminently, additional counterparties are nearing adoption, and third-party estimates suggest 1Source could save the industry hundreds of millions of dollars annually through reduced breaks and reconciliations.
EquiLend ha annunciato che The Bank of New York Mellon (NYSE: BK) e National Bank of Canada hanno iniziato a eseguire contratti live su 1Source, la piattaforma di finanziamento titoli basata su DLT di EquiLend, segnando un passo verso una riconciliazione delle operazioni unificata e una singola fonte d'informazione attendibile per le transazioni di prestito e finanziamento.
Il comunicato del 15 ottobre 2025 afferma che un broker-dealer globale si unirà a breve, altre controparti stanno avvicinandosi all'adozione e stime di terze parti indicano che 1Source potrebbe far risparmiare all'industria centinaia di milioni di dollari all'anno attraverso una riduzione delle interruzioni e delle riconciliazioni.
EquiLend anunció que The Bank of New York Mellon (NYSE: BK) y National Bank of Canada han comenzado a ejecutar operaciones en vivo en 1Source, la plataforma de financiamiento de valores basada en DLT de EquiLend, lo que marca un paso hacia una conciliación de operaciones unificada y una única fuente de verdad para préstamos y transacciones de financiamiento.
El comunicado del 15 de octubre de 2025 indica que un bróker-dealer global se unirá en breve, se acercan a la adopción más contrapartes, y estimaciones de terceros sugieren que 1Source podría ahorrar a la industria miles de millones de dólares al año mediante la reducción de rupturas y conciliaciones.
EquiLend가 The Bank of New York Mellon (NYSE: BK)와 National Bank of Canada가 EquiLend의 증권 파이낸싱용 DLT 기반 플랫폼인 1Source에서 라이브 트레이드를 시작했다고 발표했다. 이는 대출 및 파이낸싱 거래에 대한 단일 진실의 원천이자 통합 거래 정산으로의 발걸음이다.
2025년 10월 15일자 보도자료에 따르면 전 세계 브로커-딜러가 조만간 합류할 것이며, 추가 상대방도 채택에 가까워지고 있으며, 제3자 추정에 따르면 1Source는 정리 및 차이 조정의 감소를 통해 업계에 연간 수십억 달러를 절약할 수 있다.
EquiLend a annoncé que The Bank of New York Mellon (NYSE: BK) et National Bank of Canada ont commencé à exécuter des transactions en direct sur 1Source, la plateforme de financement de valeurs mobilières basée sur la DLT d'EquiLend, marquant une étape vers une réconciliation des opérations unifiée et une seule source de vérité pour les prêts et les financements.
Le communiqué du 15 octobre 2025 indique qu'un courtier-négociant mondial va prochainement rejoindre le réseau, d'autres contreparties sont sur le point d'adopter, et des estimations tierces suggèrent que 1Source pourrait faire économiser des centaines de millions de dollars à l'industrie chaque année grâce à la réduction des ruptures et des conciliations.
EquiLend gab bekannt, dass The Bank of New York Mellon (NYSE: BK) und National Bank of Canada beginnen, Live-Trades auf 1Source auszuführen, EquiLends DLT-basierte Plattform für Wertpapierfinanzierung, was einen Schritt in Richtung einheitlicher Handelsabstimmung und einer einzigen Goldenen Quelle der Wahrheit für Kredit- und Finanztransaktionen bedeutet.
Die Mitteilung vom 15. Oktober 2025 besagt, dass sich bald ein globaler Broker-Dealer anschließen wird, weitere Gegenparteien sich der Einführung nähern, und Schätzungen Dritten zufolge darauf hindeuten, dass 1Source der Branche jährlich Hunderte von Millionen Dollar durch reduzierte Abstürze und Abstimmungen einsparen könnte.
EquiLend أعلنت أن The Bank of New York Mellon (NYSE: BK) وNational Bank of Canada بدأتا بتنفيذ صفقات مباشرة على 1Source، منصة EquiLend المستندة إلى DLT لتمويل الأوراق المالية، وهو ما يمثل خطوة نحو توحيد تسوية التداولات ووجود مصدر واحد للحقيقة لعمليات الإقراض والتمويل.
تقول النشرة في 15 أكتوبر 2025 أن وسيطاً سهماً عالمياً سينضم وشيكاً، وأن الأطراف المقابلة الإضافية تقترب من التبني، وتشير تقديرات طرف ثالث إلى أن 1Source قد يوفر على الصناعة مئات الملايين من الدولارات سنوياً من خلال تقليل الانكسارات والتسويات.
EquiLend 公布，The Bank of New York Mellon (NYSE: BK) 与 National Bank of Canada 已开始在 1Source 上执行实时交易，这是 EquiLend 基于区块链分布式账本的平台在证券金融领域的一步之举，标志着交易对账的统一与借贷和融资交易的单一可信信息来源的实现。
在 2025年10月15日 的公告中表示，一家全球经纪自营商将很快加入，更多的对手方也接近采用，第三方估计表明，1Source 通过减少中断和对账，年均可能为行业节省数亿美元。
- BNY began executing live trades on 1Source on Oct 15, 2025
- National Bank of Canada began executing live trades on 1Source on Oct 15, 2025
- Third-party estimate: potential savings of hundreds of millions annually
- None.
Insights
Adoption by BNY and National Bank of Canada raises the odds that 1Source can reduce post-trade frictions across securities finance.
EquiLend's 1Source ties two large participants — BNY and National Bank of Canada — into a distributed ledger workflow that aims to eliminate reconciliations and reduce breaks. This creates direct operational linkage between custodial/prime clearing capacity and a lender/borrower network, which is the core mechanism by which DLT can cut duplicate processing and manual exception handling.
The initiative depends on network scale and integration breadth to realize promised savings. The announcement explicitly names a global broker‑dealer joining
Watch for concrete adoption metrics and milestones over the next 6–18 months: number of live counterparties, transaction volume settled on 1Source, and measured reductions in reconciliations or breaks. Those metrics will show whether third‑party estimates of hundreds of millions of dollars in annual savings translate into measurable operational impact.
A major step toward unified trade reconciliation across securities finance
The momentum behind 1Source continues to accelerate, with a global Broker Dealer set to join BNY and National Bank of Canada with live transactions on the platform imminently. The community response has been extremely positive, with additional counterparties nearing adoption, further expanding the network and compounding the benefits of industry-wide synchronization.
1Source is expected to transform global securities finance workflows by establishing a single, golden source of truth for securities lending and financing transactions. The DLT-based platform was developed by EquiLend with input and collaboration from a group of leading market participants to remove downstream reconciliations, increase operational efficiency, and reduce trade breaks in securities finance. The platform is expected to streamline how trading and operations behave to improve costs, automation, and overall efficiency.
"The onboarding of BNY and National Bank of Canada to 1Source marks another significant step forward in our mission to transform post-trade infrastructure across the securities finance industry," said Rich Grossi, CEO of EquiLend. "Each new participant strengthens the network effect of 1Source, accelerating the industry-wide benefits of improved accuracy, transparency, and efficiency."
According to third-party estimates*, EquiLend's 1Source has the potential to save industry participants hundreds of millions of dollars each year through greater operational efficiency, optimized costs and resources, and improved profitability.
"This milestone underscores BNY's commitment to innovation and leveraging new technologies to mitigate risk. By using 1Source, we're aiming to manage challenges associated with manual reconciliation, while delivering benefits to our clients," said Nehal Udeshi, Head of Securities Finance at BNY. "As more counterparties join, scale will drive improved efficiencies and smoother collaboration for everyone involved, and we look forward to working together to expand the network."
"We are pleased to join 1Source as part of our ongoing focus on technology-driven solutions for our clients and counterparties," said Carl Attie, Managing Director, Head of Global Securities Finance at National Bank of Canada. "This milestone lays the foundation for broader adoption and future enhancements, enabling us to streamline processes, increase efficiency and enhance resilience in the securities finance marketplace."
"We are thrilled to welcome BNY and National Bank of Canada to 1Source, alongside the growing pipeline of institutions preparing to come on board." said Nick Delikaris, Chief Product Officer at EquiLend. "This milestone underscores the industry's commitment to collaboration and innovation. 1Source is rapidly becoming the foundational layer of infrastructure that will define the future of securities finance."
* "Single Source of Truth Initiative," Vy Solutions, May 2022
About EquiLend
EquiLend is a global financial technology firm offering Trading, Post-Trade, Data & Analytics, RegTech and Platform Solutions for the securities finance industry. With offices in
The company is committed to excellence and innovation and is consistently recognized for its contributions to the industry. EquiLend is Great Place to Work Certified™ in the
For more information, please visit www.equilend.com
For further information from EquiLend, please contact: media@equilend.com
About BNY
BNY is a global financial services company that helps make money work for the world – managing it, moving it and keeping it safe. For more than 240 years BNY has partnered alongside clients, putting its expertise and platforms to work to help them achieve their ambitions. Today BNY helps over
BNY is the corporate brand of The Bank of New York Mellon Corporation (NYSE: BK). Headquartered in
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SOURCE EquiLend
FAQ
What did EquiLend announce about 1Source on Oct 15, 2025?
How will BNY's adoption of 1Source affect securities finance operations for BK?
Does EquiLend estimate cost savings from 1Source adoption for the industry?
Which other institutions will join 1Source after BNY and National Bank of Canada?
What benefits does EquiLend claim 1Source will deliver to participants like BK?
Is 1Source already live for trading and reconciliation as of Oct 15, 2025?
