On 1 March 2018, financial technology innovator HQLAx together with Credit Suisse and ING completed the first live securities lending transaction using R3's Corda blockchain platform. The transaction included a basket swap between Credit Suisse and ING of value EUR 25 million using the HQLAx Corda-based col-lateral lending application. During the transaction, Credit Suisse and ING trans-ferred legal ownership of Dutch and German government securities on the plat-form using HQLAx Digital Collateral Records (DCRs) while the underlying securi-ties remained static.