DWS's IKS fund administration business is expected to achieve a valuation of between €300-400 million in a potential sale.
Tag: Deutsche Boerse
Primary investors Citi, Deutsche Bank, and Deutsche Börse raised $15 million for CloudMargin in its largest funding round to date.
CSDR requires a neutral third-party to act as the buy-in agent, which Eurex STS aims to become through its new banking license.
Deutsche Bundesbank and Deutsche Boerse have outlined the several advantages DLT will bring to increasing the speed and availability of collateral.
Deutsche Boerse stated the initiative is the latest milestone in building a comprehensive ecosystem for digital assets.
Project saw cash and securities tokens swapped for settlement using DLT, and tokenised cash used as collateral for margin requirements.
The newly formed Eurex Securities Transactions Services, a subsidiary company of Deutsche Boerse, will offer the buy-in agent service.
Raid on Clearstream offices relate to the Cum-Ex scandal investigations.
Incoming regulation requires a third-party buy-in agent in cases of settlement fail.
Clearstream expects the closure of the business will take place over a 18-month period.