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Partnership underlines joint commitment to further progress digitisation of the financial markets
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Investment dedicated to accelerate DVS’s offering as a market infrastructure solution for the issuance and safekeeping of digital guarantees
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DVS’s Guarantee Vault to connect to Deutsche Börse’s digital post-trade platform D7 mid-term, broadening its digital asset service portfolio into the non-securities space
FRANKFURT, Germany & MUNICH, April 17, 2024–(BUSINESS WIRE)–Clearstream, Deutsche Börse’s post-trade business, intends to make an investment in Digital Vault Services (DVS), a pioneering fintech offering issuance and safekeeping services for digital bank guarantees and sureties in Europe. The investment is subject to applicable regulatory approvals and finalisation of legal documentation.
The investment enables DVS to further enhance and broaden its offering as a market infrastructure solution for corporates and financial institutions. The mid-term plan will be to integrate DVS’s Guarantee Vault with D7, the digital post-trade platform of Deutsche Börse and its post-trade business Clearstream. This will allow D7 for the first time to expand its digital asset product portfolio to non-securities.
With DVS’s established offering in Europe coupled with Clearstream’s leverage and experience offering market infrastructure solutions and connectivity, both parties seek to bring added value to the trade finance ecosystem of corporates, banks and insurers.
Jens Hachmeister, Head of Issuer Services & New Digital Markets at Clearstream, said: “Digital leadership is a central part of Deutsche Börse Group’s Horizon 2026 strategy. The companies’ shared commitment to market innovation makes DVS a perfect fit for Deutsche Börse and Clearstream. We are convinced that DVS’s innovative approach to digital bank guarantees, combined with D7’s track record in digitising securities and Clearstream’s central role in global financial markets, will drive significant growth and deliver value for our clients and ultimately the entire financial industry.”
Ludger Janssen, Co-CEO of Digital Vault Services, added: “Clearstream has emerged as a strategic ally for DVS, echoing our dedication to streamlining processes and recognizing the transformative potential of digitisation in the financial industry, in particular with regards to guarantee management. With technology as our foundation, together with Clearstream and our central and digital guarantee registry, we foresee a unique end-to-end solution that disrupts and modernises outdated procedures with unparalleled efficiency.”
Jaime Gimeno, Co-CEO of Digital Vault Services, added: “Back in 2018, when designing a solution to the cumbersome paper-based process for issuing and storing guarantees, we took inspiration from the central securities depository model used in the securities industry. This strategic partnership with Clearstream now represents a major milestone in our growth journey towards becoming the recognized market infrastructure solution for guarantees in Europe. As we move forward the partnership also positions DVS for exciting new use cases and instruments.”
The investment will be done in exchange for a minority stake and is expected to be completed in H2/2024, subject to applicable regulatory approvals and finalisation of legal documentation.
Digitising financial markets
Today’s financial markets are highly fragmented with isolated technology solutions, resulting in slow processes, high error rates and costs for all market participants. Digital solutions aim to counter these problems by connecting networks and market players across system boundaries, thereby boosting transparency, process efficiency and technology interoperability.
Deutsche Börse and its post-trade business Clearstream provide with their digital post-trade platform D7 a fully digital alternative to conventional physical issuance and managing of financial securities, reducing the time-to-market for securities from days to minutes.
With its Guarantee Vaults product, DVS provides a digital solution allowing corporates to centrally issue and store bank guarantees that are required across different segments as industry standard.
[Editorial note: Please find here a high-resolution photo of Jens Hachmeister.]
About Clearstream
Clearstream is the innovative and trusted post-trade business for the global markets. It runs the leading securities and funds servicing ecosystems of tomorrow. The company operates the German and Luxembourg central securities depositories and an international central securities depository for the Eurobonds market. With 18 trillion Euros in assets under custody, it is one of the world’s largest settlement and custody firms for domestic and international securities.
It also delivers premier fund execution, distribution, data and reporting services, covering over 55 fund markets worldwide. Clearstream is part of Deutsche Börse Group, an international exchange organisation and provider of innovative market infrastructures.
To learn more, visit us at www.clearstream.com or connect via LinkedIn.
About Digital Vault Services
The idea for Digital Vault Services emerged in 2017 from the needs of the Treasury department of Lindner Group KG, Arnstorf, Germany. A strong working group of corporates and financial institutions from across Europe then came together to design a market solution to a common problem around the paper-based guarantee process. Since then, Digital Vault Services has rapidly evolved, gaining strong traction in DACH and now expanding into other European markets including the Nordics. Headquartered in Munich, Germany, Digital Vault Services is at the forefront of guarantee digitisation. The current shareholders, being Lindner Group KG and Management, now welcome Deutsche Börse to join them on the exciting journey ahead.
Visit us at www.digitalvaultservices.com or connect via LinkedIn to get to know more about Digital Vault Services and Guarantee Vault.
View source version on businesswire.com: https://www.businesswire.com/news/home/20240417214758/en/
Contacts
Clearstream
Tabea Behr
Phone: +49 (0)69 2 11-13 016
tabea.behr@deutsche-boerse.com
Digital Vault Services
Mariana Côrte-Real
Phone: +49 85120091253
mariana.corte.real@digitalvaultservices.com
Collaboration to provide joint customers technology and data expertise to address compliance and supply chain challenges.
DALLAS and STUTTGART, Germany, March 12, 2024 /PRNewswire/ — Trinity Consultants, a leading global environmental consulting firm providing services and solutions in the EHS regulatory compliance, built environment, life sciences, and water and ecology markets, and Makersite, a company pioneering a new approach to automated lifecycle analysis and supply chain management, today announced a strategic partnership in which Trinity will support customers in their use and implementation of Makersite. The collaboration marks a significant step in utilizing cutting-edge technology and expertise to revolutionize environmental sustainability metrics assessment and tracking, decarbonization strategies, and the development and implementation of sustainability programs.
Makersite’s approach combines AI with data from more than 140 material, process, and supplier databases, to create highly accurate digital twins of products and their supply chains. This data foundation, coupled with Makersite’s native applications and API-first architecture, offers manufacturers clear insight into their products and supply chains. The result is a comprehensive understanding of regulatory compliance, environmental impact, supply risk, and production costs – all integrated seamlessly into existing IT infrastructures.
Digitization of data is the path forward for companies looking to comply with voluntary frameworks and mandatory reporting standards. Trinity’s Digital Solutions team, a global leader in planning and implementing EHS, sustainability, and risk management digital solutions, provides cost-effective solutions to the industry’s challenging data management requirements. Trinity will support joint Makersite customers with the integration of data collection systems.
“Makersite shares our ambition and ability to help clients meet today’s demands while paving the way for a more sustainable future,” said Meghan Foley, principal consultant at Trinity Consultants, EHS Digital Solutions. “Based on findings from our recent environmental sustainability research report, we know Scope 3 emissions represent a significant portion of an organization’s overall carbon footprint. Nearly 60% of firms cite a lack of reporting standards expertise as the “most significant” or a “very significant” challenge when complying with sustainability reporting frameworks. Furthermore, one in five (21%) say that data collection systems or poor data quality is either the “most significant” or a “very significant” challenge to their ESG reporting workflows. Given these findings, our partnership with Makersite will have tremendous value in helping clients prioritize and reach their sustainability potential.”
“Our partnership with Trinity Consultants will provide joint customers guidance and expert advice as they progress through the lifecycle assessment process and start on a path toward supply chain decarbonization and optimization,” said Makersite CEO Neil D’Souza. “Together, we offer manufacturers the tools, as well as the hands-on support, to address manufacturing’s most complex challenge, ultimately helping them make better, more informed decisions tailored to their specific programs and processes.”
Join Trinity Consultants Digital Solutions team and Makersite at NAEM’s TECH24 | EHS + ESG Data & Reporting Conference on April 30-May 2 in Alexandria, Virginia to learn more about how they help organizations strategize, develop, and execute solutions to mitigate environmental impacts, decarbonize their operations and pave the way for a more sustainable tomorrow.
About Makersite GmbH
Makersite is a pioneering Product Lifecycle Intelligence platform that helps product teams manage product sustainability, supply chain risk, cost, and compliance in real time, all in one place. To learn more about how Makersite transforms the process of deciding what to make, which suppliers to buy from, and which material to use, watch the demo here or visit makersite.io.
About Trinity Consultants
Trinity Consultants, a leading global environmental consulting firm, provides services and solutions in the EHS regulatory compliance, built environment, life sciences, and water and ecology markets. Founded in 1974, Trinity has the technical expertise, industry depth, and capabilities to help clients achieve their goals across the natural and built environments.
For more information, contact:
Trinity Consultants
Marc Tatarsky, Director of Marketing,
marc.tatarsky@trinityconsultants.com
Makersite
The Hoffman Agency
makersite@hoffman.com
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SOURCE Trinity Consultants