FundGuard earns investment from former State Street, HSBC and JP Morgan executives bringing its capital raised to $16 million in total.
The two firms stated they observed an 84% reduction in trade breaks and a significant reduction in non-value-added reconciliation work through the platform.
Michael Tae, who has served in the role since 2017, will take on a new position as chief transformation officer for the Investor Communication Solutions business.
The hire will help develop and grow FNZ's business in the Nordic region for the financial and securities industry.
The project will explore a range of technological and practical feasibilities of digital assets to form the foundation of an integrated platform.
The hire will bolster Euroclear's international strategic growth efforts and its programme to explore using new technologiees.
ESG data from RepRisk will be made available to JP Morgan's trading and securities services clients through its flagship DataQuery platform.
Transcend aims to use the new funding to rapidly scale product and sales infrastructure for custodian banks and prime brokers.
The new service is powered by Elastic, where the bank will use its machine learning and anomaly detection features.
The investment is the latest in a number of ventures made by Clearstream in the digital asset space.