Last August the Deutsche Börse Group announced the acquisition of Luxembourg blockchain fund distribution platform FundsDLT. Yesterday it confirmed the completion of the acquisition following approval from Luxembourg regulator CSSF.
At the time of the acquisition, Philippe Seyll, CEO of Clearstream Fund Centre spoke of the benefits of a faster time to market for asset managers and cheaper access to funds.
While the company is part of Clearstream Fund Services, it will operate independently from Clearstream in Luxembourg. That appears to be to retain its CSSF license.
Article continues …
Want the full story? Pro subscribers get complete articles, exclusive industry analysis, and early access to legislative updates that keep you ahead of the competition. Join the professionals who are choosing deeper insights over surface level news.
