Clearstream to invest in Digital Vault Services
April 17 2024 - 3:00AM
Business Wire
- Partnership underlines joint commitment to further progress
digitisation of the financial markets
- Investment dedicated to accelerate DVS’s offering as a market
infrastructure solution for the issuance and safekeeping of digital
guarantees
- DVS’s Guarantee Vault to connect to Deutsche B�rse’s digital
post-trade platform D7 mid-term, broadening its digital asset
service portfolio into the non-securities space
Clearstream, Deutsche B�rse’s post-trade business, intends to
make an investment in Digital Vault Services (DVS), a pioneering
fintech offering issuance and safekeeping services for digital bank
guarantees and sureties in Europe. The investment is subject to
applicable regulatory approvals and finalisation of legal
documentation.
The investment enables DVS to further enhance and broaden its
offering as a market infrastructure solution for corporates and
financial institutions. The mid-term plan will be to integrate
DVS’s Guarantee Vault with D7, the digital post-trade platform of
Deutsche B�rse and its post-trade business Clearstream. This will
allow D7 for the first time to expand its digital asset product
portfolio to non-securities.
With DVS’s established offering in Europe coupled with
Clearstream’s leverage and experience offering market
infrastructure solutions and connectivity, both parties seek to
bring added value to the trade finance ecosystem of corporates,
banks and insurers.
Jens Hachmeister, Head of Issuer Services & New Digital
Markets at Clearstream, said: “Digital leadership is a central
part of Deutsche B�rse Group’s Horizon 2026 strategy. The
companies’ shared commitment to market innovation makes DVS a
perfect fit for Deutsche B�rse and Clearstream. We are convinced
that DVS’s innovative approach to digital bank guarantees, combined
with D7’s track record in digitising securities and Clearstream’s
central role in global financial markets, will drive significant
growth and deliver value for our clients and ultimately the entire
financial industry.”
Ludger Janssen, Co-CEO of Digital Vault Services, added:
“Clearstream has emerged as a strategic ally for DVS, echoing our
dedication to streamlining processes and recognizing the
transformative potential of digitisation in the financial industry,
in particular with regards to guarantee management. With technology
as our foundation, together with Clearstream and our central and
digital guarantee registry, we foresee a unique end-to-end solution
that disrupts and modernises outdated procedures with unparalleled
efficiency.”
Jaime Gimeno, Co-CEO of Digital Vault Services, added:
“Back in 2018, when designing a solution to the cumbersome
paper-based process for issuing and storing guarantees, we took
inspiration from the central securities depository model used in
the securities industry. This strategic partnership with
Clearstream now represents a major milestone in our growth journey
towards becoming the recognized market infrastructure solution for
guarantees in Europe. As we move forward the partnership also
positions DVS for exciting new use cases and instruments.”
The investment will be done in exchange for a minority stake and
is expected to be completed in H2/2024, subject to applicable
regulatory approvals and finalisation of legal documentation.
Digitising financial markets
Today’s financial markets are highly fragmented with isolated
technology solutions, resulting in slow processes, high error rates
and costs for all market participants. Digital solutions aim to
counter these problems by connecting networks and market players
across system boundaries, thereby boosting transparency, process
efficiency and technology interoperability.
Deutsche B�rse and its post-trade business Clearstream provide
with their digital post-trade platform D7 a fully digital
alternative to conventional physical issuance and managing of
financial securities, reducing the time-to-market for securities
from days to minutes.
With its Guarantee Vaults product, DVS provides a digital
solution allowing corporates to centrally issue and store bank
guarantees that are required across different segments as industry
standard.
[Editorial note: Please find here a high-resolution photo of
Jens Hachmeister.]
About Clearstream
Clearstream is the innovative and trusted post-trade business
for the global markets. It runs the leading securities and funds
servicing ecosystems of tomorrow. The company operates the German
and Luxembourg central securities depositories and an international
central securities depository for the Eurobonds market. With 18
trillion Euros in assets under custody, it is one of the world’s
largest settlement and custody firms for domestic and international
securities.
It also delivers premier fund execution, distribution, data and
reporting services, covering over 55 fund markets worldwide.
Clearstream is part of Deutsche B�rse Group, an international
exchange organisation and provider of innovative market
infrastructures.
To learn more, visit us at www.clearstream.com or connect via
LinkedIn.
About Digital Vault Services
The idea for Digital Vault Services emerged in 2017 from the
needs of the Treasury department of Lindner Group KG, Arnstorf,
Germany. A strong working group of corporates and financial
institutions from across Europe then came together to design a
market solution to a common problem around the paper-based
guarantee process. Since then, Digital Vault Services has rapidly
evolved, gaining strong traction in DACH and now expanding into
other European markets including the Nordics. Headquartered in
Munich, Germany, Digital Vault Services is at the forefront of
guarantee digitisation. The current shareholders, being Lindner
Group KG and Management, now welcome Deutsche B�rse to join them on
the exciting journey ahead.
Visit us at www.digitalvaultservices.com or connect via LinkedIn
to get to know more about Digital Vault Services and Guarantee
Vault.
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version on businesswire.com: https://www.businesswire.com/news/home/20240417214758/en/
Clearstream Tabea Behr Phone: +49 (0)69 2 11-13 016
tabea.behr@deutsche-boerse.com
Digital Vault Services Mariana Côrte-Real Phone: +49
85120091253 mariana.corte.real@digitalvaultservices.com