Azimut collaborates with Clearstream in creating a digital ledger technology (DLT) solution for private funds management.

Azimut collaborates with Clearstream in creating a digital ledger technology (DLT) solution for private funds management.

Deutsche Boerse's Clearstream, in partnership with asset manager Azimut, has announced a new DLT-based solution for private market funds. This groundbreaking offering aims to provide broader access to private market strategies and unlock the illiquidity premium embedded in private asset portfolios.

Giorgio Medda, CEO of Azimut Holding, expressed his excitement about the collaboration, stating that the solution is part of Clearstream's automated fund processing platform, Vestima, and supports the permissioned sharing of information between the asset manager, distributor, and client investor. This includes regular reporting and asset servicing.

Azimut has a history of embracing innovation, having been the first asset manager to use Clearstream's FundsDLT platform when it launched in 2021. The company has also invested in Sygnum, a digital asset bank, and Alps Blockchain, a bitcoin miner, demonstrating its commitment to digital assets and DLT.

The new solution leverages Clearstream's FundsDLT platform, which was acquired by Clearstream in late 2023. This structure enables Azimut to access anonymized, detailed insights into the portfolios of individual investors.

Clearstream now offers a new account model that supports multiple investor portfolios under a single Clearstream Custody account. The platform aims to reduce costs through automation and enable greater transparency, which is a significant advantage for private market investments.

In addition to this collaboration, Azimut has shown a focus on expanding integrated, scalable platforms. For instance, the company's recent acquisition of North Square Investments (NSI) in the U.S. seeks to combine traditional and alternative asset management strategies, potentially including innovative technology solutions.

Azimut is also actively structuring alternative investment products and supporting innovation through partnerships. One such partnership is with Eni Next, aimed at energy sector technologies via an ELTIF (European Long-Term Investment Fund) with a €100 million fundraising target launching in September 2025.

While explicit details on Azimut's DLT-based tokenization solutions or Clearstream integration are not readily available, their strategic moves strongly imply an ongoing exploration or partial deployment of such technologies to strengthen their private market offerings.

Philippe Seyll, CEO of Clearstream Fund Services, stated that the solution aims to set new standards while maintaining security, compliance, and investor trust. This collaboration is a testament to the growing interest in DLT and tokenization in the financial industry and Azimut's role as a pioneer in this space.

References: 1. Azimut to acquire North Square Investments in U.S. expansion 2. Azimut to boost U.S. presence with North Square acquisition 3. Azimut invests in Eni Next's ELTIF for energy tech 4. Azimut to invest €100m in Eni Next's energy tech ELTIF

1. Azimut's innovative approach to business expands further with their collaboration with Clearstream, utilizing the FundsDLT platform for tokenization of private market assets, aiming to unlock new insights and financial opportunities.
2. The combination of Clearstream's automation technology and Azimut's digital asset commitment accelerates the finance industry's adoption of blockchain, providing a more efficient and transparent means of asset servicing.
3. With multiple strategic investments in digital asset companies and the acquisition of North Square Investments, Azimut demonstrates a focus on technology-driven business growth, including the potential deployment of DLT solutions for broader private market access.

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