Global market infrastructure provider Deutsche Börse Group announced the acquisition completion of FundsDLT, following regulatory approval from Luxembourg financial regulator Commission de Surveillance du Secteur Financier (CSSF). Financial details were not disclosed.
Deutsche Börse Group now owns 100% of FundsDLT, a Luxembourg-based decentralized platform based on distributed ledger technology (DLT) for end-to-end fund issuance and commercialization. The company will operate within the Clearstream Fund Services business segment but will operate independently from Clearstream, Deutsche Börse Group’s post-trading infrastructure provider in Luxembourg. It will retain its legal identity and license under the CSSF.
Former shareholders Credit Suisse Asset Management together with UBS Asset Management as well as Natixis Investment Managers remain committed clients, helping Clearstream drive the use case development further.