Clearstream and Azimut Launch Digital Solution to Enhance Private Market Access

Clearstream, Deutsche Börse Group's post-trade services provider, and Azimut, a global asset and wealth manager, announced this week that they have partnered to launch a new digital solution. The initiative aims to improve transparency, efficiency, and investor access within private market funds.

The collaboration builds upon Clearstream's existing automated fund processing platform, Vestima, by integrating a new digital layer constructed on distributed ledger technology (DLT) via FundsDLT. The pilot solution introduces an account model that will allow access to multiple investor portfolios under a single Clearstream custody account.

The firms state that this new platform will offer enhanced reporting, detailed asset servicing, and anonymized portfolio insights for managers. Azimut and Clearstream anticipate that the solution will reduce operational costs and open private market investments to a broader and more diverse investor base, including those served through wealth management channels.

Philippe Seyll, CEO of Clearstream Fund Services, expressed enthusiasm for the partnership: "We are thrilled to partner with Azimut on this digital initiative. By leveraging Azimut's expertise and our robust technology, we aim to set new standards, while maintaining the highest levels of security, compliance and investor trust." Giorgio Medda, CEO of Azimut Holding, added, "This innovative solution will provide broader access to private market strategies, along with a liquidity option that will allow investors to unlock the illiquidity premium embedded in private asset portfolios." The companies describe the platform as a significant step forward in addressing longstanding barriers within private markets.