Deutsche Börse Group provides institutional clients access to crypto assets via Clearstream

Clearstream and Crypto Finance, both members of Deutsche Börse Group, facilitate digital asset access with new crypto custody offering for institutional investors via Clearstream.

Clearstream, Deutsche Börse Group’s post-trade business, enhances its custody service portfolio to crypto assets. By using Deutsche Börse Group company Crypto Finance as sub-custodian, Clearstream can rely on market-leading expertise to offer settlement and custody services in crypto assets to institutional investors.

The offering is expected to be launched in April this year. In January, Crypto Finance laid the groundwork by obtaining the MiCAR license, enabling the company to serve clients across Europe while solidifying its regulatory compliance and leadership in the industry.

Jens Hachmeister, Head of Issuer Services & New Digital Markets at Clearstream, comments: “Offering crypto custody is the next step on Clearstream’s journey to digitise financial markets. The institutional-grade, regulatory compliant solution offers clients easy and quick access to new asset classes while enjoying the best features of our trusted and established post-trading systems. We are thrilled to collaborate with Crypto Finance, leveraging the strength of our global Deutsche Börse Group portfolio to make crypto assets ready for mass adoption.”

With this new solution, Clearstream and Crypto Finance are setting a new standard for the management of crypto assets. The collaboration marks another milestone in the development of harmonised digital financial markets and highlights Deutsche Börse Group's aim of balancing innovation with security.

Stijn Vander Straeten, CEO Crypto Finance Group, adds: “This offering puts Deutsche Börse Group in a position second to none in the digital assets industry. We are now not only covering native services via direct interface, but also leverage traditional rails that are implemented with most financial market participants, meaning a very convenient offering to any financial institution who wishes to enter the crypto industry.” The sub-custody will be provided by Crypto Finance (Deutschland) GmbH.

Clients of Clearstream’s International Central Securities Depository (ICSD) can now use their existing accounts in Clearstream Banking S.A. (Luxembourg, CBL) to access crypto currency custody and settlement, leveraging well-embedded connectivity and communication formats, such as Swift. Furthermore, no additional direct contractual, technical and functional relationship with crypto currency service providers is required.

Clients can choose Clearstream as a custody and settlement location for crypto currency trading activity concluded 24/7 on various trading venues.

The two largest cryptocurrencies by market capitalisation, Bitcoin (represented with ISIN XTV15WLZJMF0) and Ethereum (represented with ISIN XTD5RG2FHH04) are the first crypto assets in scope of Clearstream’s offering. Further expansion into further crypto currencies will be considered, following client demand.

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[Editorial note: Please find here high-resolution photos of Jens Hachmeister and Stijn Vander Straeten.]

About Clearstream

Clearstream is the innovative and trusted post-trade business for the global markets. It runs the leading securities and funds servicing ecosystems of tomorrow.
The company operates the German and Luxembourg central securities depositories and an international central securities depository for the Eurobonds market. With 19 trillion Euros in assets under custody, it is one of the world’s largest settlement and custody firms for domestic and international securities.
It also delivers premier fund dealing, distribution, digital and data services, covering over 55 fund markets worldwide.
Clearstream is part of Deutsche Börse Group, an international exchange organisation and provider of innovative market infrastructures.
To learn more, visit us at www.clearstream.com or connect via LinkedIn.

About Crypto Finance

Crypto Finance Group, part of Deutsche Börse Group, provides professional digital asset solutions to institutional clients. The Group comprises of Crypto Finance AG, regulated by FINMA in Switzerland, which offers trading, custody, and wallet services, as well as Crypto Finance (Deutschland) GmbH, regulated by BaFin in Germany, which offers trading and custody. Crypto Finance AG is a SIX approved crypto custodian for ETP issuers.

Media contacts
Clearstream 
Tabea Behr
+49 69 21113016
tabea.behr@deutsche-boerse.com

Crypto Finance
Jutta Holtkötter
+41 41 552 45 68
press@crypto-finance.com