Euroclear, a Brussels, Belgium-based company that provides settlement and custody of domestic and cross-border securities, invest in IZNES, a Paris, France-based funds marketplace based on blockchain technology.
The amount of the deal was not disclosed. The transaction will be subject to customary closing conditions and regulatory approvals.
Established in 2017 by Christophe Lepitre, CEO, IZNES is a regulated company operating an international platform for subscriptions and redemptions of shares of European funds, compatible with various distribution channels. The company simplifies and harmonises the subscription processes, brings more transparency and provides an improved customer experience both for management companies and institutional investors.
Euroclear is the financial industry’s provider of post trade services. It provides settlement and custody of domestic and cross-border securities for bonds, equities and derivatives, and investment funds. The group comprises Euroclear Bank, the International CSD, as well as Euroclear Belgium, Euroclear Finland, Euroclear France, Euroclear Nederland, Euroclear Sweden, Euroclear UK & International.
Building on the acquisitions of MFEX in 2021 and Goji in 2023, Euroclear continues to enhance its Euroclear FundsPlace® offering, the end-to-end funds platform solution across mutual and money market funds, alternatives funds and ETFs. Through this strategic partnership with IZNES, the group will complement its funds services on the French market and beyond and continue the delivery of its funds strategy by playing an active role in the development of innovative funds distribution models.
FinSMEs
26/03/2024