Clearstream to invest in Digital Vault Services
17 April 2024 Luxembourg
Image: xtock/stock.adobe.com
Clearstream has announced its plans to invest in Digital Vault Services (DVS), a fintech offering issuance and safekeeping services for digital bank guarantees and sureties in Europe.
The investment will enable DVS to broaden its offering as a market infrastructure solution for corporates and financial institutions.
The mid-term plan will be to integrate DVS鈥檚 Guarantee Vault with D7, the digital post-trade platform of Deutsche B枚rse and its post-trade business Clearstream. This will allow D7 to expand its digital asset product portfolio for the first time.
Jens Hachmeister, head of issuer services and new digital markets at Clearstream, says: 鈥淒igital leadership is a central part of Deutsche B枚rse Group鈥檚 Horizon 2026 strategy. The companies鈥� shared commitment to market innovation makes DVS a perfect fit for Deutsche B枚rse and Clearstream.鈥�
Jaime Gimeno, co-CEO of Digital Vault Services, adds: 鈥淭his strategic partnership with Clearstream represents a milestone in our growth journey towards becoming the recognised market infrastructure solution for guarantees in Europe.
鈥淎s we move forward, the partnership also positions DVS for exciting new use cases and instruments.鈥�
The investment will be done in exchange for a minority stake. Completion is expected in H2/2024, subject to applicable regulatory approvals and finalisation of legal documentation.
The investment will enable DVS to broaden its offering as a market infrastructure solution for corporates and financial institutions.
The mid-term plan will be to integrate DVS鈥檚 Guarantee Vault with D7, the digital post-trade platform of Deutsche B枚rse and its post-trade business Clearstream. This will allow D7 to expand its digital asset product portfolio for the first time.
Jens Hachmeister, head of issuer services and new digital markets at Clearstream, says: 鈥淒igital leadership is a central part of Deutsche B枚rse Group鈥檚 Horizon 2026 strategy. The companies鈥� shared commitment to market innovation makes DVS a perfect fit for Deutsche B枚rse and Clearstream.鈥�
Jaime Gimeno, co-CEO of Digital Vault Services, adds: 鈥淭his strategic partnership with Clearstream represents a milestone in our growth journey towards becoming the recognised market infrastructure solution for guarantees in Europe.
鈥淎s we move forward, the partnership also positions DVS for exciting new use cases and instruments.鈥�
The investment will be done in exchange for a minority stake. Completion is expected in H2/2024, subject to applicable regulatory approvals and finalisation of legal documentation.
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