OCC set its sights on becoming the first central counterparty (CCP) to fully utilise distributed ledger technology (DLT) for its securities lending clearing system. DLT has been fundamental to HQLAx’s platform for securities lending and collateral transformation, while Broadridge in 2021 announced the go-live of its distributed ledger repo platform. What potential does blockchain technology hold for future advances in securities lending and finance? Who will be the drivers of this innovation?