Clearstream has expanded its services to include operational processing for funds domiciled in the United Arab Emirates (UAE) within the Clearstream Fund Services ecosystem.

This includes the special purpose domiciles such as the Dubai International Financial Centre (DIFC) and the Abu Dhabi Global Market (ADGM).

This enhancement allows Clearstream to support execution activities for various types of funds, including open-ended Mutual Funds, closed-ended Mutual Funds, and closed-ended Private Equity Funds (including Venture Capital Funds) and these funds can now be processed through Vestima for order routing, settlement and custody.

Vestima, Clearstream’s leading execution platform, is the world’s largest cross-border fund processing platform, offering execution and custody services for all types of funds on a single platform. It enables clients to trade any type of funds from one single entry point for order routing, safekeeping and fund processing. This includes mutual funds, ETFs and alternative funds such as ELTIFs, private equity, real estate and hedge funds.

The inclusion of UAE-domiciled funds is an important step in Clearstream’s strategy to broaden its geographic reach and offer a wider, more diverse range of funds to its global client base.