German Stock Exchange Group to Acquire FundsDLT

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In order to process and distribute funds, FundsDLT, a Luxembourg-based business, uses distributed ledger technology.

Deutsche Börse Group will buy the remaining shares of FundsDLT. D7, a new cloud-backed and DLT-ready platform from the German exchange operator, is being developed with a significant contribution from FundsDLT.

D7 will offer same-day issuance and paperless, automated straight-through processing for the entire value chain of issuance, custody, settlement, payment, and asset servicing for digital securities.

Former shareholders Credit Suisse Asset Management, UBS Asset Management, and Natixis Investment Managers have all been acquired by Deutsche Börse.

Read More: Deutsche Börse Group to acquire FundsDLT

TalkFintech Bureau
TalkFintech Bureauhttps://talkfintech.com
TalkFintech is focused on the latest financial sector technologies and tools- covering all tech used by banks, investors, insurance, and wealth management sectors- and also conversations on retail financial management tools.

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