Cleartrust Is Leading Transfer Agents Into The Digital Cross-border Future
ClearTrust announced it will join the blockchain infrastructure network offered and governed by the Digital Securities Depository Corporation (DSDC). ClearTrust will provide regulated transfer agency, payment services, corporate action support and regulatory filing services via DSDC’s infrastructure to the cross-border public securities market.
“ClearTrust highly appreciates the fresh mindset and expertise DSDC and KALYP bring to this market. DSDC offers a unique path for us to move into digital securities and the cross border market, allowing us to easily connect and bring our expertise to the table. The team around Mario and Peter clearly understand this space and pair it up with cutting edge technology.” Kara Kennedy, Executive Director of ClearTrust, LLC
Regulated financial institutions operate DSDC’s blockchain infrastructure for more efficient creation, issuance, and servicing of digital depositary receipts (DDR’s) in the US public market.
“At DSDC our reputation relies on the partners we work with. ClearTrust is not only highly knowledgeable about the securities industry but shares our innovative spirit this industry longs for. We very much appreciate Kara’s trust in us and the joint journey ahead to shape true progress for cross border issuers and investors alike.” Mario Passudetti, Director at DSDC and ADR market veteran.
The underlying technology has been built from the ground up according to securities industry requirements by KALYP Technologies. KALYP’s technology stack leverages distributed components from the Linux Foundation (Hyperledger Fabric). On top of this distributed operating system and through the KALYP’s application layer, service providers can jointly manage securities registers, reference data, all relevant securities industry workflows in a fully regulatory compliant way.
“DSDC creates a network of capable financial institutions, it is a pleasure to work with Kara and her dynamic team as one of the most forward looking transfer agents in the industry. We are now jointly preparing for the first live US-UK transactions on DSDC’s distributed market infrastructure and welcome existing market players as well as new entrants with qualified licenses for the services they would like to connect and offer.” Peter Jacaruso, Head of Business Strategy at KALYP.
At the start, the DSDC network aims to deliver UK’s FTSE 350 constituent equities more efficiently into the hands of US investors. Additional markets and other securities types are expected to be added in future.
About ClearTrust LLC
ClearTrust, LLC is an award-winning, full-service stock transfer agent. It offers robust shareholder record keeping and compliance services to growing issuers across a broad range of services. ClearTrust is registered with the Securities Exchange Commission, is an active member of the Securities Transfer Association, and ranked among the fastest growing USF's Fast 56 businesses in the world. For more information, visit ClearTrust's website at www.cleartrustonline.com.
About KALYP Technologies LTD
KALYP Technologies is a provider of enterprise software in the capital markets. Its distributed ledger-based software establishes smart market infrastructure for regulated financial institutions and enables more efficient processing of securities in digital format. The firm is independently financed and led by a group of securities industry veterans and distributed ledger technology experts with international presence between London and Boston. For more information visit www.kalyp.io.
DSDC offers distributed market infrastructure delivering more efficient cross-border settlement of securities in digital format; initially Digital Depository Receipts (DDR’s). Any regulated financial institution with an existing service required across the lifecycle of DDRs is invited to apply and join DSDC to offer their security services. Thereby DSDC offers existing firms to position their legacy services for the digital future. For more information, visit DSDC’s website at www.dsdc.net.
All information has been obtained from sources believed to be reliable, but its accuracy is not guaranteed. There is no representation or warranty as to the current accuracy, reliability or completeness of, nor liability for decisions based on such information and it should not be relied on as such.