The Milwaukee-based fund services firm will also provide fund accounting and tax reporting services, while UMB Bank will provide custody services.
The hire is the latest development from DTCC as it formalises a service offering for digital assets and private market securities.
The Boston-based custodian will use middle- and back-office technology developed by Lukka to support its crypto fund admin services.
GC speaks to BBH'S alternatives fund services product executives, Chris McChesney and Ainun Ayub, on how alternatives fund managers are coping with their new operating environment and the changing dynamic between client and service providers.
The former head of BNY Mellon's alternatives investment servicing product will lead SS&C's client solutions for private equity and real assets funds.
The partnership comes as custodians turn to FinTechs and other technology providers to transform and automate unstructured data in the alternatives markets.
As fund managers flock to private markets for increased returns, many are finding they have to update their technology infrastructure to properly process data and transactions.
The latest update to the platform adds connectivity to existing industry tools and technologies.