Clearstream,
the post-trade division of Deutsche Börse Group, recognizes the growing
importance of digitization in the financial industry. Because of this, it has
revealed its intention to acquire a minority stake in Digital Vault Services
(DVS), a fintech company specializing in issuing and safeguarding digital bank guarantees and sureties across Europe.
The
investment, which is subject to regulatory approvals and finalization of legal
documentation, is expected to close in the second half of 2024.
The
strategic partnership between Clearstream and DVS aims to leverage the
strengths of both companies. By combining DVS’s approach to digital bank
guarantees with Clearstream’s experience in providing market infrastructure
solutions and connectivity , the collaboration seeks to streamline processes and
modernize outdated procedures in the trade finance ecosystem.
“The
companies’ shared commitment to market innovation makes DVS a perfect fit for
Deutsche Börse and Clearstream,” commented Jens Hachmeister, the Head of Issuer
Services & New Digital Markets at Clearstream. “We are convinced that DVS’s
innovative approach to digital bank guarantees, combined with D7’s track record
in digitizing securities and Clearstream’s central role in global financial
markets, will drive significant growth.”
The
mid-term plan integrates DVS’s Guarantee Vault with D7, Deutsche
Börse’s digital post-trade platform. This will enable D7 to expand its digital asset
product portfolio beyond securities for the first time.
Ludger
Janssen and Jaime Gimeno, the Co-CEOs of Digital Vault Services, believe the collaboration will result in “a unique end-to-end solution that disrupts
and modernizes outdated procedures with unparalleled efficiency.”
The
investment marks an important milestone in DVS’ growth journey towards
becoming the recognized market infrastructure solution for guarantees in
Europe. It also positions the company for future use cases and instruments.
The
investment will result in Clearstream acquiring a minority stake, which is
anticipated to conclude in the second half of 2024, pending the necessary
regulatory approvals and the completion of legal documents.
Clearstream to invest in Digital Vault Services https://t.co/5Catcy2d80 pic.twitter.com/Ww17nkbyaz
— Latest News from Business Wire (@NewsFromBW) April 17, 2024
Cooperation with iCapital
Two months
before announcing its investment in a European fintech , Clearstream expanded
its collaboration with another financial technology company, iCapital. This
expanded partnership will allow broader access to various private market
investment opportunities curated by leading global asset managers. These
investment options, provided through the iCapital Marketplace, will be
available on the Clearstream Fund Centre and Clearstream Vestima platforms.
“With our
ecosystem of scalable, secure, and integrated distribution and processing
solutions, we are committed to supporting both ends of the distribution chain
with data and services,” said Philippe Seyll, the Head of Clearstream Fund Services.
Clearstream
oversees the security management, safekeeping, and administration in
its custody. Currently, Clearstream holds more than 300,000 types of bonds, equities, and investment funds from domestic and international markets.
Clearstream,
the post-trade division of Deutsche Börse Group, recognizes the growing
importance of digitization in the financial industry. Because of this, it has
revealed its intention to acquire a minority stake in Digital Vault Services
(DVS), a fintech company specializing in issuing and safeguarding digital bank guarantees and sureties across Europe.
The
investment, which is subject to regulatory approvals and finalization of legal
documentation, is expected to close in the second half of 2024.
The
strategic partnership between Clearstream and DVS aims to leverage the
strengths of both companies. By combining DVS’s approach to digital bank
guarantees with Clearstream’s experience in providing market infrastructure
solutions and connectivity , the collaboration seeks to streamline processes and
modernize outdated procedures in the trade finance ecosystem.
“The
companies’ shared commitment to market innovation makes DVS a perfect fit for
Deutsche Börse and Clearstream,” commented Jens Hachmeister, the Head of Issuer
Services & New Digital Markets at Clearstream. “We are convinced that DVS’s
innovative approach to digital bank guarantees, combined with D7’s track record
in digitizing securities and Clearstream’s central role in global financial
markets, will drive significant growth.”
The
mid-term plan integrates DVS’s Guarantee Vault with D7, Deutsche
Börse’s digital post-trade platform. This will enable D7 to expand its digital asset
product portfolio beyond securities for the first time.
Ludger
Janssen and Jaime Gimeno, the Co-CEOs of Digital Vault Services, believe the collaboration will result in “a unique end-to-end solution that disrupts
and modernizes outdated procedures with unparalleled efficiency.”
The
investment marks an important milestone in DVS’ growth journey towards
becoming the recognized market infrastructure solution for guarantees in
Europe. It also positions the company for future use cases and instruments.
The
investment will result in Clearstream acquiring a minority stake, which is
anticipated to conclude in the second half of 2024, pending the necessary
regulatory approvals and the completion of legal documents.
Clearstream to invest in Digital Vault Services https://t.co/5Catcy2d80 pic.twitter.com/Ww17nkbyaz
— Latest News from Business Wire (@NewsFromBW) April 17, 2024
Cooperation with iCapital
Two months
before announcing its investment in a European fintech , Clearstream expanded
its collaboration with another financial technology company, iCapital. This
expanded partnership will allow broader access to various private market
investment opportunities curated by leading global asset managers. These
investment options, provided through the iCapital Marketplace, will be
available on the Clearstream Fund Centre and Clearstream Vestima platforms.
“With our
ecosystem of scalable, secure, and integrated distribution and processing
solutions, we are committed to supporting both ends of the distribution chain
with data and services,” said Philippe Seyll, the Head of Clearstream Fund Services.
Clearstream
oversees the security management, safekeeping, and administration in
its custody. Currently, Clearstream holds more than 300,000 types of bonds, equities, and investment funds from domestic and international markets.
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- Source: https://www.financemagnates.com//institutional-forex/deutsche-brses-clearstream-unit-invests-in-this-european-fintech/
