Clearstream, Deutsche Börse Group’s post-trade services provider, has partnered with Standard Chartered Bank to pilot its Vestima Digital platform for private market fund distribution.
The initiative aims to streamline fundraising, capital calls and asset servicing by digitising processes and enabling straight-through processing across the distribution chain.
Powered by Clearstream’s FundsDLT technology, a blockchain-based platform that streamlines fund distribution and servicing, Vestima Digital automates data exchange and enhances visibility, traceability and operational efficiency for general partners and investors.
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Through the pilot, Standard Chartered’s clients will gain access to a range of private market funds via Clearstream’s infrastructure. A new account model allows multiple investor-level allocations under a single custody account, supported by reporting, asset servicing data and anonymised investor insights.
Sumeet Bhambri, global head, advisory and managed investments, Standard Chartered, commented: “Our new exploratory collaboration with Clearstream to pilot Vestima Digital targets operational challenges related to private market and alternative funds, allowing us to offer clients a secure and efficient solution backed by a trusted partner. By reducing manual touchpoints and improving data exchange, we expect meaningful efficiency gains that support our growth ambition and digitisation agenda.”
Philippe Seyll, CEO for Clearstream Fund Services, commented: “We are delighted to deepen our collaboration with Standard Chartered Bank through Vestima Digital. This initiative reflects our commitment to client-led innovation and delivering solutions that meet market needs. Through this collaboration, Standard Chartered can leverage our expertise and scale in alternative fund processing to drive greater efficiency and transparency for their clients and support future growth.”
