An affiliate of The Bank of New York Mellon Corporation has made a minority investment in EquiLend, a global leader in technology, data, and analytics solutions for the securities finance industry. This strategic investment builds upon a long-standing collaboration between the two organizations.
BNY Mellon, alongside eight other major financial institutions, will advise EquiLend on driving further innovation and efficiency across the securities finance ecosystem. A key aspect of this partnership is BNY Mellon joining a select group of initial users for EquiLend's 1Source solution.
The 1Source platform is designed to be the first industry-wide single source of truth for securities finance transactions, leveraging smart contracts across a distributed ledger (DLT). This initiative aims to enhance transparency, reduce inefficiencies, and establish new operational standards for the global securities finance market, positioning BNY Mellon at the forefront of this technological advancement.
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