Market-first bridge settlement between Europe and US markets that allows investors and borrowers to access liquidity on both sides of the ocean.
BondstreamTM adds DTC to current Euroclear and Clearstream clearing as part of its disruptive offering as a core system for the capital raising ecosystem.
London, United Kingdom – April 27, 2023 – BondstreamTM, a disruptive Estonian B2B fintech is pleased to announce MTN Funding PLC (‘MTN’) is now eligible for US market settlement through The Depositary Trust and Clearing Corporation (‘DTC’).
DTC provides settlement services for virtually all broker-to-broker equity and listed debt securities transactions in the USA as well as institutional trades, money market instruments and other financial obligations.
This is a market-first bridge for the final step of a securities trade and offers a more cohesive streamlined issuance to settlement to reporting platform that links cross border investments. Thus, opening new markets for both investors and potential borrowers requiring access to larger pools of liquidity either during fundraising or while seeking new investment opportunities.
DTC strengthens BondstreamTM current capital raising ecosystem and helps further establish the fintech as the platform of choice for companies who need to reconcile and control the three most important aspects of capital markets funding: cashflow of incoming funds, effective coordination with investor relations teams and helping to manage placement activities.
About BondstreamTM
BondstreamTM is an Estonian-based fintech solution which combines detailed financial reconciliations with CRM-like capabilities to create a unique set of functions to help manage the distribution of financial products. Capital markets and private placement are supported equally as well as a product range which include pre-IPO equities, funds and debt instruments. BondstreamTM is multi-lingual, multi-currency and includes industry leading blockchain which provides both unique flexibility and robust trust. BondstreamTM has handled thousands of transactions in Europe for more than 20 public companies with 99.99% availability and a transparency which is disruptive in the fintech market.
About MTN Funding PLC
MTN Funding PLC (‘MTN’) provides access to cross border investment opportunities between Europe, UK and USA. MTN streamlines the funding process making it easier to connect the dots between investors and potential borrowers.
About The Depositary Trust and Clearing Corporation
With over 45 years of experience, DTCC is the premier post-trade market infrastructure for the global financial services industry. From 21 locations around the world, DTCC, through its subsidiaries, automates, centralizes, and standardizes the processing of financial transactions, mitigating risk, increasing transparency and driving efficiency for thousands of broker/dealers, custodian banks and asset managers. Industry owned and governed, the firm simplifies the complexities of clearing, settlement, asset servicing, data management, data reporting and information services across asset classes, bringing increased security and soundness to financial markets. In 2021, DTCC’s subsidiaries processed securities transactions valued at nearly U.S. $2.4 quadrillion. Its depository provides custody and asset servicing for securities issues from 177 countries and territories valued at U.S. $87.1 trillion. DTCC’s Global Trade Repository service, through locally registered, licensed, or approved trade repositories, processes 16 billion messages annually.
