Clearstream, Deutsche Börse Group’s post-trade business, will roll out its digital transfer software to new markets and integrating the tech into Clearstream.
The firm’s Digital Transfer Agency (Digital TA) offering is a blockchain-enabled software solution designed to improve transfer agency operations for asset managers and asset servicers while enabling fund tokenisation.
Clearstream said the product is currently delivering operational cost reductions of up to 50% to clients across several jurisdictions.
Olivier Portenseigne, head of digital for Clearstream Fund Services, said: “Digital Transfer Agency is a solution that has already delivered tangible results for clients. By integrating its proven technology into Clearstream, we are enhancing it with the scale, security and regulatory robustness of global market infrastructure and setting a new standard for transfer agencies.
“Our Digital TA solution provides asset servicers with the immediate, tangible benefits of significant cost savings and operational efficiency, while leading the transformation towards a future of tokenised assets and digital fund distribution. We are empowering clients to transition from legacy systems to a fully digital model at their own pace.”
The Digital TA is built on the FundsDLT platform, the fintech provider acquired by Deutsche Börse Group in 2024 and fully integrated into Clearstream Fund Services as digital enabler of core services across the fund value chain.
The Digital TA solution automates core transfer agency responsibilities, including fund issuance, ownership tracking, know your customer (KYC) and anti-money laundering (AML) integration, and corporate actions, supported by distributed ledger technology.
Clearstream recently unveiled its next-generation digital securities infrastructure designed to support both traditional and tokenised securities markets.
