Global post-trade services provider Clearstream has been selected by Upvest for comprehensive investment fund processing, execution, and distribution support services.

By centralising these services with Clearstream, Upvest will achieve enhanced operational efficiencies and broader coverage of the fund universe. This will enable Upvest’s clients to easily expand their portfolio offering and access diverse investment opportunities.

Investment infrastructure provider Upvest is used by fintechs, banks, and wealth managers to offer end users access to seamless and affordable investment products. Through this collaboration, Upvest will benefit from Clearstream’s fund distribution platform, which includes centralised contract maintenance, commission management, and the exchange of data and information between distribution partners and fund providers. Upvest will now have access to Clearstream’s extensive distribution agreements with over 400 asset managers.

By leveraging Clearstream’s market-leading trade dealing and execution platform, Vestima, Upvest also aims to enhance operational efficiency and cost-effectiveness while maintaining the highest standards of asset safety. This integration streamlines fund processing operations, including trading, post-trading, and trailer fees.

Additionally, Upvest will gain access to Clearstream’s extensive suite of services, including fund data services, providing a complete one-stop-shop solution.

Jonathan Brander, COO of Upvest, said:

“The collaboration with Clearstream will not only enable us to streamline Upvest’s operational processes but also expand our clients’ access to a diverse range of international funds and markets. This allows us to focus on strategic growth while ensuring that our clients benefit from the highest standards of service and regulatory compliance.”

Neil Wise, Chief Commercial Officer for Clearstream Fund Services, added:

“Clearstream empowers traditional fund distributors as well as fintechs like Upvest with cutting-edge fund processing and distribution support. By partnering with Clearstream, Upvest gains an industrial digital infrastructure for cost-effective 3rd party funds processing, ensuring reliable processing at scale for all asset classes. At the same time, coupling Vestima with distribution deepens the value to both Upvest and the asset management community alike. We’re excited to deliver a complete funds solution that adds value for Upvest and its clients.”