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