European asset managers in Ireland are faced with the challenge of moving to alternative ETF issuance and settlement models in order to limit the impact of Brexit.
The new link is part of Clearstream’s wider strategy to link emerging and frontier markets to its international central securities depository (ICSD) structure.
Clearstream is planning to use its involvements in recent DLT projects as a steppingstone to developing its own digitised CSD.
The Luxembourg-based CSD will use Finomial’s technology to automate trade documentation completion for funds in alternative assets.
As of May 2020, Clearstream held €2.5 trillion in investment funds under custody on behalf of its clients, an increase of 39% over the past five years.
The FinTech firm has signed a partnership with Clearstream and has secured the commitment of Janus Henderson Investors which will use its CSDR solution.
The project aims to analyse current post-trade mechanisms in EMDCs and come up with a set of best practices for local market regulators.
The hire is the latest move by Clearstream to explore and roll out DLT and blockchain-based solutions across its businesses.
Clearstream veteran Miriam Marascio has joined CloudMargin to oversee onboarding, support and relationships with clients.
The investment from the four firms will help strengthen the FundsDLT platform and accelerate its commercial development.