Nasdaq and Deposito de Valores extend technology partnership
29 June 2023 Chile
Image: Vittaya_25
Nasdaq and Deposito de Valores (DCV) have extended their technology partnership to reduce manual processes, settlement times, and time to market for future enhancements and offerings.
Last year, the company replaced its legacy system with Nasdaq’s CSD platform which it says enhanced the performance, speed, and scalability of its offering, increasing the processing speed of its operations.
Nasdaq’s CSD technology is interoperable with other depositories and can be integrated into existing and future payment networks.
In addition, Deposito’s technology now supports the issuance, registry and settlement of tokenised assets on distributed ledgers.
With these improvements, DCV has been able to enhance services across the Chilean financial ecosystem as well as more easily access international investors with standardised operations, messaging and data infrastructure.
Roland Chai, executive vice president and head of marketplace technology at Nasdaq, says: “Market infrastructures are increasingly looking for ways to embrace tokenisation, driven by an accelerating global trend towards leveraging existing securities systems and payment rails to service emerging asset classes. Nasdaq’s technology allows providers to continue serving traditional securities, whilst capturing the many opportunities across digitised assets.”
Rodrigo Roblero, CEO at DCV, states: “With a solid focus on the client, at DCV we recognise the need to move towards a modern capital market, with access to world-class standards and technology that allows agility and simplicity in the processes without neglecting the security that our business and our clients need.”
Last year, the company replaced its legacy system with Nasdaq’s CSD platform which it says enhanced the performance, speed, and scalability of its offering, increasing the processing speed of its operations.
Nasdaq’s CSD technology is interoperable with other depositories and can be integrated into existing and future payment networks.
In addition, Deposito’s technology now supports the issuance, registry and settlement of tokenised assets on distributed ledgers.
With these improvements, DCV has been able to enhance services across the Chilean financial ecosystem as well as more easily access international investors with standardised operations, messaging and data infrastructure.
Roland Chai, executive vice president and head of marketplace technology at Nasdaq, says: “Market infrastructures are increasingly looking for ways to embrace tokenisation, driven by an accelerating global trend towards leveraging existing securities systems and payment rails to service emerging asset classes. Nasdaq’s technology allows providers to continue serving traditional securities, whilst capturing the many opportunities across digitised assets.”
Rodrigo Roblero, CEO at DCV, states: “With a solid focus on the client, at DCV we recognise the need to move towards a modern capital market, with access to world-class standards and technology that allows agility and simplicity in the processes without neglecting the security that our business and our clients need.”
← Previous technology article
LSEG deploys Windward AI software to counter shipping sanctions-busting
LSEG deploys Windward AI software to counter shipping sanctions-busting
NO FEE, NO RISK
100% ON RETURNS If you invest in only one asset servicing news source this year, make sure it is your free subscription to Asset Servicing Times
100% ON RETURNS If you invest in only one asset servicing news source this year, make sure it is your free subscription to Asset Servicing Times
