It is the third Clearstream CSD to receive licenses under CSDR, following authorisation of its German and Luxembourg-based businesses.
Clearstream’s Eurobond’s product group also includes its network management and market partnership activities.
The move could provide significant savings for banks that have faced increased regulatory costs to trade in the balance sheet-intensive repo market.
The new partnerships with Clearstream, Euroclear and Iberclear will provide a single point of access to minimise cross-border hurdles.
Clearstream can now offer custody and settlement services for banks and their cross-border transactions in 99% of all T2S-in securities.
The investment is the latest in a number of ventures made by Clearstream in the digital asset space.
The new business includes the combination of Clearstream’s existing Fund Desk and will service over $290 billion of assets under administration.
Primary investors Citi, Deutsche Bank, and Deutsche Börse raised $15 million for CloudMargin in its largest funding round to date.
Clearstream will use the WM-SRD-Hub for its central securities depositories (CSDs) in Germany and Luxembourg to comply with SRD II next month.
The decision comes after a strategic review on its securities services businesses in the region, and has instead opted to focus on its global custody product.