Clearstream has announced its intention to invest in Digital Vault Services (DVS), a German fintech company specialising in the issuance and safekeeping of digital bank guarantees and sureties in Europe. The partnership underscores a shared commitment to advancing the digitisation of financial markets, a press release on 17 April 2024.

The investment by Clearstream, which is subject to regulatory approvals and finalisation of legal documentation, aims to accelerate DVS’s market infrastructure solution for digital guarantees. The plan involves integrating DVS’s Guarantee Vault with Deutsche Börse’s digital post-trade platform, D7, thereby expanding D7’s digital asset product portfolio into non-securities for the first time. This integration will enhance offerings for corporates and financial institutions, contributing to streamlining processes in the trade finance ecosystem, stated Clearstream.

Jens Hachmeister, head of issuer services and new digital markets at Clearstream, highlighted the synergies between Clearstream and DVS in the firm’s announcement, emphasising their shared commitment to market innovation and the potential for significant growth in the digital guarantee space.

Ludger Janssen and Jaime Gimeno, co-CEOs of Digital Vault Services, expressed their enthusiasm about the strategic partnership, foreseeing an end-to-end solution that modernises guarantee management with efficiency at its core.

The investment by Clearstream will result in a minority stake in DVS and is expected to be completed in the second half of 2024, stated the press release.