Today Deutsche Börse’s Clearstream announced a new DLT-based solution for private market funds that it developed in conjunction with asset manager Azimut. It leverages the funds distribution platform, FundsDLT, that Clearstream acquired in late 2023.
Azimut was the very first asset manager to use FundsDLT when it launched in 2021. A key goal of the DLT platform from the beginning was to reduce costs through automation and enable greater transparency. It supports the permissioned sharing of information between the asset manager, distributor and client investor, including regular reporting and asset servicing.
“By leveraging Azimut’s expertise and our robust technology, we aim to set new standards, while maintaining the highest levels of security, compliance and investor trust,” said Philippe Seyll, CEO of Clearstream Fund Services. The solution is part of the company’s automated fund processing platform, Vestima.
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