Category: Clearstream

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Deutsche Börse’s Post-Trade Business Clearstream to Invest in FinTech Startup Digital Vault Services

Clearstream, Deutsche Börse’s post-trade business is investing an undisclosed amount in the fintech start-up Digital Vault Services (DVS). Deutsche Börse, one of Europe’s biggest exchange operators, said the Clearstream investment is subject to applicable regulatory approvals and finalization of legal documentation. The funding will be used by Digital Vault Services to broaden its offering as…
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SWIFT Aims to Test Tokenization in 2022, Clearstream, Northern Trust, SETL to Participate

SWIFT, the Belgian-based cooperative that serves as an intermediary and settlement executor of financial transactions between banks worldwide is planning to experiment with asset tokenization in 2022. In a blog post about the subject, SWIFT notes that it will be working with firms like Clearstream, Northern Trust, and SETL to explore “the feasibility and benefits”…
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China’s Real Estate Giant Evergrande Narrowly Dodges Default for Third Time in 30 Days

In mid-September China’s Evergrande Group, the country’s second-largest property developer by sales, sparked fear in the global economy as the company’s market valuation plummeted to an 11-year low. Global economists have warned that if Evergrande defaults on its debts, it could start a credit contagion similar to the Lehman Brothers bankruptcy in 2007. So far,…
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