Depósito Central de Valores to Digitize Securities, Leveraging Nasdaq Technology
NEW YORK and SANTIAGO, Chile, June 29, 2023 (GLOBE NEWSWIRE) — Nasdaq (Nasdaq: NDAQ) and Depósito Central de Valores (DCV) today announced an extension of their technology partnership, which will allow DCV to issue and register digitized securities. This collaboration marks a significant milestone in the digitization of the securities market in Chile, as DCV expands its capabilities to support the registration, transfer, and settlement of digitized securities.
Expanding Opportunities in the Securities Market
The move towards digitizing securities represents a major shift in the financial industry, offering increased efficiency, transparency, and accessibility for investors. By leveraging Nasdaq’s technology, DCV will be able to streamline the issuance and registration process for digitized securities, making it easier for market participants to buy, sell, and transfer these assets.
Benefits of Digitized Securities
Digitized securities offer a range of benefits, including reduced settlement times, lower transaction costs, and enhanced security. By moving towards a digital platform, DCV is positioning itself at the forefront of technological innovation in the securities market, driving growth and efficiency in the industry.
Impact on Investors
For investors, the digitization of securities opens up new opportunities to diversify their portfolios and access a wider range of assets. With the ability to trade digitized securities more easily and securely, investors can take advantage of new investment options and potentially increase their returns.
Impact on the Global Market
The collaboration between Nasdaq and DCV to digitize securities reflects a broader trend towards digital transformation in the financial industry. As more countries and exchanges move towards digitizing securities, we can expect to see increased efficiency, transparency, and liquidity in the global market, benefiting investors and market participants worldwide.
Conclusion
The partnership between Nasdaq and Depósito Central de Valores to digitize securities is a significant development that will transform the securities market in Chile and beyond. By leveraging cutting-edge technology, DCV is paving the way for a more efficient, transparent, and accessible market, creating new opportunities for investors and driving growth in the industry.
