The Singapore Exchange and Deutsche Börse-owned Clearstream are teaming up to market the German exchange group's collateral management services to the Asia region. The joint venture is a boost for Deutsche Börse, which is looking to expand into Asia.

The companies said in a statement today that Singapore has become the first Asian market to join Clearstream's collateral management outsourcing platform, known as the Global Liquidity Hub GO. The platform allows customers, such as clearing houses and settlement institutions, to move assets around the local financial system.