Clearstream plans to expand its digital securities platform to the guarantee sector and will invest in Digital Vault Services (DVS), a centralized platform for digital issuance and custody. The investment is subject to regulatory approval. The medium-term goal of this investment is to integrate the DVS solution into Clearstream's digital securities platform D7 to expand its support scope. DVS will provide services similar to central securities depositories to corporate issuers, bank guarantors and beneficiaries. Clearstream believes that its market infrastructure experience will help DVS expand in Europe. This move shows the continuous penetration of blockchain technology in the financial industry, which may promote innovative applications of digital guarantees in the future.