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Deutsche Börse Group’s post-trade services provider Clearstream and the Luxembourg Stock Exchange (LuxSE) have announced a Series A investment in Origin, a London-based fintech company focused on digital bond issuance. The partners aim to automate the bond issuance process from origination through to settlement. LuxSE acquired an initial stake in Origin in 2019 and will be following-on in this round. The investment transaction is expected to be completed in Q4/2020, subject to regulatory approval and further customary closing conditions.
Still today, the debt issuance process carries a heavy operational burden due to time-consuming manual work and lack of automation, which in turn leads to significant duplicate workload across the processing chain. The initial focus of...
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