Crypto risk assessments incorporated into ESG (Environmental, Social, Governance) information by Clearstream.
Financial Post
Hamburg-based crypto data service provider, Crypto Risk Metrics, has secured another significant client. As reported by the Financial Times, Deutsche Börse's Clearstream subsidiary will now leverage the northern company's services to cater to its clients with digital asset exposures. This marks the second customer from the Deutsche Börse universe to partner with Crypto Risk Metrics, following Crypto Finance.
Clearstream, a wholly-owned subsidiary of Deutsche Börse Group, is a global provider of post-trade services, functioning as a central securities depository and international central securities depository. It caters to the German, Luxembourg, and broader Eurobond markets, offering settlement and custody services for various securities, along with post-trade infrastructure, investment fund services, and global securities financing. Clearstream manages over 300,000 securities and assets worth approximately 20 trillion euros across multiple regions.
Crypto Risk Metrics is a firm specializing in cryptocurrency risk analytics, providing data, risk models, and analytical tools to evaluate market, credit, and operational risks within the crypto space. Although not explicitly mentioned in the given documents, it is likely that Clearstream's core services and offerings differ significantly from those of Crypto Risk Metrics. Furthermore, no formal partnership or service collaboration has been publicly disclosed between the two entities.
Deutsche Börse Group's subsidiaries include SimCorp, which provides software solutions for the investment management sector, including risk and portfolio optimization tools. There is documented integration and partnership between Clearstream and SimCorp to offer post-trade solutions seamlessly incorporated into investment management platforms.
In conclusion, while Deutsche Börse's Clearstream maintains its position as a major player in traditional financial securities post-trade infrastructure and custody services, Crypto Risk Metrics focuses on cryptocurrency risk analytics. No confirmed partnership or shared service provision between the two entities is currently evident from the available data.
Technology plays a crucial role in Crypto Risk Metrics' operations, as they specialize in providing data, risk models, and analytical tools for cryptocurrency risk evaluation. On the other hand, Deutsche Börse's Clearstream, a significant player in traditional financial services, might consider investing in technology to enhance the services offered to clients with digital asset exposures.
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