Clearstream, the service provider after Deutsche Börse’s Trade Services, begins a digital solution to convert the processing of the private market fund.
Utilizing digital capabilities via the DLT-based platform platform and integrated into the Fermstream platform, the solution-which is currently introduced with selected customers before a full development-Orthodox traditional manual processes, enhancement of performance and transparency and transparency.
The new Vestima digital solution faces the increasing complexity of the distribution of the private market fund by automating basic processes. It provides detailed, anonymous ideas for investor portfolios, allowing improved business transparency throughout the distribution chain. Multiple investor portfolios can be integrated in the context of a single ClearsStream account, increasing business efficiency, with easy monitoring of lots and locking periods. The ability to digital overall and separation of portfolio investors simplifies ordering, capital management and asset service, while integration with back-end systems automates information exchange.
For assets managers, the solution simplifies the management of the Fund’s issuance and regulatory audits. It offers precise monitoring and investment and transactions reporting, maintaining clear and anonymous files up to the investor portfolio level. Enhanced automation allows capital administrators and general partners to rationalize the distribution to distributors and wealth managers.
Philippe Seyll, CEO of Clearstream Fund Services, commented:
“Our digital solution sets new standards for transparency and efficiency in the distribution of private market funds. With the expansion of ClearsStream’s B2B ecosystem to be more like a B2B2C model, we ensure broader accessibility and operational efficiency.
Olivier Portenseigne, head of Digital for Clearstream Fund Services and CEO of Fundsdlt, added:
“This solution is a game change for players and distributors of the game.