Deal follows a series of moves to expand Clearstream’s data and fund services in recent years as Deutsche Boerse aggressively builds out the business.
Tag: Deutsche Boerse
Jens Hachmeister, head of issuer services and new digital markets at Clearstream, outlines the group's plans to be a core market infrastructure for digital securities.
Since taking on the business, Clearstream Fund Centre has reported a 25% increase in assets under administration to more than €300 billion.
Deutsche Boerse, Deutsche Bundesbank and Germany’s Finance Agency conduct DLT-based securities settlement in central bank money.
DWS's IKS fund administration business is expected to achieve a valuation of between €300-400 million in a potential sale.
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.