On 4 October, Euroclear Bank's Admissions Committee approved the application of Freedom Finance Europe for direct membership. As a result, Freedom Finance Europe's clients will now be able to benefit from a first-class exchange infrastructure at the leading international central securities depository.
"It took over nine months to go through all the necessary procedures to become a direct member of Euroclear. This provides additional security for our clients and is an important step in our global expansion. Membership will allow us to expand our range of operational, settlement and custody services for our clients in the European, UK and US markets," said Evgenii Tiapkin, Executive Director of Freedom Finance Europe.
The Euroclear international settlement system has existed since 1968. The assets held by the depositary are currently valued at €32.8 trillion. Euroclear's securities transactions for its clients amount to more than €897 trillion per year.