Clearstream and Azimut said this week they are a partnership to launch a digital solution aimed at improving transparency, efficiency and accessing investors in private market funds.
The cooperation between Clearstream and Deutsche Börse Group for post -Trade services, and Azimut, the director of global assets and wealth, represents an extension of the Clearstream automatic funding platform, with a new digital layer based on the technology of the professor distributed via FulddsDLT.
The company explains that the experimental solution provides an account form that allows access to multiple investor portfolios under one Clearstream nursery account.
It is said that it provides improved reports, the service of detailed assets, and an unidentified wallet visions of managers.
Azzimut and Clearstream says the platform will reduce operational costs and open private market investments to a broader and more diversified investor base, including those that are offered through wealth management channels.
“We are happy to partner with Azimut in this digital initiative,” said Philip Cell, CEO of Clearstream Fund Services.
“By benefiting from the experience of Azimut and our strong technology, we aim to set new standards, while maintaining the highest levels of security, compliance and investor’s confidence.”
“This innovative solution will provide wider to private market strategies, along with the liquidity option that will allow investors to cancel the installed installment installment in the portfolio of private assets,” added Giorgio Medda, CEO of Azimut Holding.
Companies describe the platform as a step forward in handling long barriers in private markets.