Zurich-based fintech Gentwo has a new partner in Luxembourg. Together, they want to offer services abroad.
Luxembourg-based Apex subsidiary European Depositary Bank (EDB) and securitization specialist Gentwo entered into a partnership to offer paying agent and banking services to third-party investors around the world, according to a statement.
Zurich-based Gentwo develops securitization platforms for asset managers, banks, family offices, and venture capitalists, enabling professional investors to invest in bankable and previously unbankable assets.
Luxembourg-based EDB offers banking, paying agent, custody, and depository solutions and had $160 billion of depositary assets at the end of September. In April David Claus joined EDB and become CEO effective June 16, when he was also nominated to the board of directors.
Payment Services
Under the partnership, Gentwo's customers will be provided with bank accounts and paying agent services for debt securities issued through the Clearstream and Euroclear international clearing systems, according to the statement.
