On Wednesday, Clearstream, a post -trade service provider in Deutsche Börse Group, revealed a new digital solution designed to transfer the special market funds for wealth managers and distributors.
It is designed on the Blockchain -based boxes platform with the current Vertima system from Clearstream, and the company said the solution is tried with selected customers before starting a wider row.
It is said to target long -term shortcomings in distributing private market funds by automating the main operations and enhancing transparency through the value chain.
According to Clearstream, the digital platform allows the unknown, granular report to the investor governor, and supports advanced features such as implementing capital calls and tracking the lock at the investor level.
They added that it also allows the unification of multiple investors’ portfolios under one CleARSTREAM account, thus improving operational efficiency.
Philip Cell, CEO of Clearstream Fund Services, said the statute “determines new criteria for transparency and efficiency in the distribution of private market funds,” adding that it provides the company’s model to business closer to the B2B2C approach.
Moreover, the solution allows asset managers to track and manage the fund’s issuance and organizational compliance more effectively, with automation to direct requests, capital calls and asset service.
Olivier Portenseigne, President of Digital for Clearstream Fund Services, described the platform as a “game change”, indicating that it enables service providers and distributors to open new distribution opportunities while reducing costs and complexity.