EquiLend Secures Minority Investment from BNY

Rhea-AI Summary

EquiLend, a global leader in securities finance technology, has secured a minority investment from BNY (NYSE: BK). This strategic investment strengthens their existing 20-year partnership and positions BNY among eight other major financial institutions with strategic investments in EquiLend.

BNY will be among the initial users of EquiLend's 1Source platform, a groundbreaking solution utilizing distributed ledger technology (DLT) and smart contracts to create a single source of truth for securities finance transactions. The platform aims to enhance transparency, reduce inefficiencies, and establish new operational standards in the global securities finance market.

Positive

• Strategic minority investment from major financial institution BNY strengthens EquiLend's market position
• Selection as initial user of 1Source platform validates technology solution
• Partnership with 9 major financial institutions enhances advisory capabilities

Negative

• None.

Strategic investment builds on long-standing collaboration between the two organizations

NEW YORK, March 13, 2025 /PRNewswire/ -- EquiLend, the global leader in technology, data and analytics solutions for the securities finance industry, today announced a minority investment from an affiliate of The Bank of New York Mellon Corporation (BNY) (NYSE: BK).

BNY's investment represents a significant commitment to EquiLend and its suite of technology solutions. BNY, alongside eight additional major financial institutions with strategic investments in EquiLend, will advise the company on enabling further innovation and efficiency across the securities finance ecosystem.

BNY will also join a select group of planned initial users of EquiLend's 1Source solution, the first industry-wide single source of truth for securities finance transactions. The 1Source platform has been developed in collaboration with leading industry participants to enhance transparency, reduce inefficiencies and establish new operational standards for the global securities finance market, delivered via smart contracts across a distributed ledger (DLT). By addressing critical inefficiencies, 1Source will represent a significant advancement and is positioned to become a foundational market infrastructure solution.

Nehal Udeshi, Head of Securities Finance, BNY, said: "This investment reflects our confidence in EquiLend's ability to tackle the industry's biggest challenges with innovative solutions that drive greater efficiency. We are confident in EquiLend's central role in the marketplace and plans to further redefine securities finance with innovative market infrastructure."

"BNY has been a strong partner of EquiLend's since shortly after the company's founding over 20 years ago. This investment brings added advisory leaders and underscores the commitment to our products and transformative potential of our long-term strategy," said Rich Grossi, CEO of EquiLend. "We continue to be focused on solving our industry's needs, and this collaboration brings us even closer to driving forward our vision for a more efficient, transparent and modern securities finance industry."

For more information about 1Source and EquiLend's comprehensive suite of financial technology solutions, please visit www.equilend.com.

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 North America, EMEA and Asia-Pacific, EquiLend operates across multiple jurisdictions worldwide, adhering to the highest regulatory standards. 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 U.S., UK, Ireland and India and has been awarded Americas and EMEA Data Provider of the Year and Regulatory Solution of the Year in the Securities Finance Times Industry Excellence Awards 2024. For more information, please visit www.equilend.com

Media Contacts

For EquiLend:
equilend@fullyvested.com
christopher.gohlke@equilend.com

For BNY:
ryanw@bny.com

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SOURCE EquiLend

FAQ

What is the significance of BNY's minority investment in EquiLend?

BNY's investment demonstrates confidence in EquiLend's technology solutions and positions BNY as a strategic advisor alongside eight other major financial institutions to drive innovation in securities finance.

How will EquiLend's 1Source platform impact the securities finance market?

1Source will serve as the first industry-wide single source of truth, using DLT and smart contracts to enhance transparency, reduce inefficiencies, and establish new operational standards.

What is the strategic importance of BNY's partnership with EquiLend?

The partnership, spanning over 20 years, brings additional advisory leadership and reinforces commitment to EquiLend's products and long-term strategy for modernizing securities finance.

What role will BNY play in EquiLend's 1Source platform development?

BNY will be among the select group of initial users of the 1Source platform, contributing to its implementation and industry-wide adoption.