EquiLend secures minority investment from BNY
13 March 2025 US
Image: stardadw007/stock.adobe.com
The Bank of New York Mellon Corporation (BNY) has completed a minority investment in EquiLend.
The investment represents a significant commitment to EquiLend and its suite of technology solutions, according to the bank.
Alongside eight additional financial institutions with strategic investments in the fintech firm, BNY will advise the company on enabling further innovation and efficiency across the securities finance ecosystem.
Following the investment, BNY will join a select group of planned initial users of EquiLend鈥檚 1Source solution, a single source of truth for securities finance transactions.
Nehal Udeshi, head of securities finance at BNY, says: 鈥淭his investment reflects our confidence in EquiLend鈥檚 ability to tackle the industry鈥檚 biggest challenges with innovative solutions that drive greater efficiency.
鈥淲e are confident in EquiLend鈥檚 central role in the marketplace and plan to further redefine securities finance with innovative market infrastructure.鈥�
EquiLend CEO Rich Grossi adds: 鈥淏NY has been a strong partner of EquiLend鈥檚 since shortly after the company鈥檚 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.
鈥淲e continue to be focused on solving our industry鈥檚 needs, and this collaboration brings us even closer to driving forward our vision for a more efficient, transparent and modern securities finance industry.鈥�
The investment represents a significant commitment to EquiLend and its suite of technology solutions, according to the bank.
Alongside eight additional financial institutions with strategic investments in the fintech firm, BNY will advise the company on enabling further innovation and efficiency across the securities finance ecosystem.
Following the investment, BNY will join a select group of planned initial users of EquiLend鈥檚 1Source solution, a single source of truth for securities finance transactions.
Nehal Udeshi, head of securities finance at BNY, says: 鈥淭his investment reflects our confidence in EquiLend鈥檚 ability to tackle the industry鈥檚 biggest challenges with innovative solutions that drive greater efficiency.
鈥淲e are confident in EquiLend鈥檚 central role in the marketplace and plan to further redefine securities finance with innovative market infrastructure.鈥�
EquiLend CEO Rich Grossi adds: 鈥淏NY has been a strong partner of EquiLend鈥檚 since shortly after the company鈥檚 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.
鈥淲e continue to be focused on solving our industry鈥檚 needs, and this collaboration brings us even closer to driving forward our vision for a more efficient, transparent and modern securities finance industry.鈥�
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