Clearstream announces investment in fintech Digital Vault Services
The investment, for a minority stake, is slated for H2 2024, pending regulatory approval and legal finalisation.
The investment, for a minority stake, is slated for H2 2024, pending regulatory approval and legal finalisation.
This initiative is the outcome of collaborative efforts between Clearstream, the Nasdaq Baltic exchanges, and Nasdaq CSD.
Under this partnership, Clearstream will have access to all transaction data through a single window, integrating data from various sources including legacy systems.
Global Custodian spoke with Marton Szigeti, head of collateral, lending and liquidity solutions at Clearstream, who provided insights into the evolving landscape of collateral management amid the challenges of the current global macroeconomic environment.
The integration will drive existing live blockchain-based end-to-end fund transactions, backed by Vestima, Clearstream’s fund processing platform
The move comes just days after rival ICSD Euroclear signed an agreement to open an omnibus account with KSD.
New hire brings a wealth of experience to the role, with the likes of BNY Mellon, JP Morgan and BNP Paribas on his CV.
The implementation enables same-day issuance, automated straight-through processing and asset servicing of securities across financial networks and infrastructures.
The bank looks to simplify its global post-trade operations with Clearstream’s fund order routing and settlement services.
The new services will enable wealth managers to analyse market trends, select funds, create portfolios and execute investment decisions.