- Clearstream and asset manager Azimut have launched a new solution for private market funds using distributed ledger technology (DLT).
- The project utilizes the FundsDLT platform, which Clearstream acquired in 2023.
- The solution enables improved automation, lower costs, and greater transparency for fund management and investors.
- A new account model allows multiple investor portfolios under one custody account, supporting clients like wealth managers.
- Azimut has experience with digital assets, including tokenizing loans and investing in blockchain projects.
Clearstream, part of the Deutsche Börse Group, has partnered with asset manager Azimut to introduce a distributed ledger technology (DLT) solution for private market funds. The new offering, announced today, is integrated with the FundsDLT platform and aims to improve efficiency and transparency in fund distribution.
The solution supports automated information sharing between asset managers, distributors, and investors, according to Clearstream. Officials said it reduces operational costs through automation and enhances reporting and asset servicing. “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,” said Philippe Seyll, CEO of Clearstream Fund Services.
The new model includes an account structure that allows for multiple investor portfolios within a single custody account managed by Clearstream. This setup is designed for clients such as wealth managers and supports anonymized portfolio insights for asset managers. “This innovative platform 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,” said Giorgio Medda, CEO of Azimut Holding.
The partnership builds on earlier digital asset initiatives. In 2021, Azimut became the first user of FundsDLT and carried out its first tokenization of loans totaling $5.7 million for small and medium-sized businesses. This was done on Sygnum’s tokenization platform, a Swiss digital asset bank. In early 2024, Azimut also led an investment round in Sygnum. The company has other investments in digital assets, including participation in Bitcoin mining firm Alps Blockchain.
FundsDLT, now part of Clearstream, is integrated with Vestima, Clearstream’s automated fund processing platform, to streamline fund activities. The goal is to enable permissioned, transparent data sharing, automated operations, and improved investor services without compromising security or compliance.
The newly introduced account structure and platform functions aim to simplify fund management for both asset managers and their clients, supporting the transition to digital finance with practical tools for market participants.
For more information, visit Clearstream and Azimut.
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