Today the Deutsche Börse Group, previously a minority shareholder in fund distribution platform FundsDLT, has bought the company. FundsDLT was founded by the Luxembourg Stock Exchange (LuxSE) subsidiary Fundsquare. The transaction is expected to close in late 2023 or early 2024 subject to regulatory approvals.
At the start of the pandemic, FundsDLT secured Series A funding from Deutsche Börse subsidiary Clearstream, Credit Suisse Asset Management and Natixis Asset Manager.
The two asset managers that participated in the Series A as well as UBS Asset Management remain committed as clients.
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.
