BCI and Depósito Central de Valores (DCV) issued the first commercial bank bond with digital custody and transaction, through “DCV Digital”, for a total of 40 billion pesos.

The transaction took place this Wednesday, November 26, on the DCV Digital platform, powered by Nasdaq technology, enabling faster, more secure, and auditable transactions. It was celebrated this Thursday with a bell ringing at the opening of the Santiago Stock Exchange.

The transaction took place this Wednesday, November 26, on the DCV Digital platform, powered by Nasdaq technology, enabling faster, more secure, and auditable transactions. It was celebrated this Thursday with a bell ringing at the opening of the Santiago Stock Exchange.

By digitizing the bond, efficiency is optimized, security is enhanced through cryptography, and the custody of financial assets and the experience of issuers in facilitating issuance, redemption, and other events are improved. “We are laying the foundations for the future of finance in Chile. More than a technological achievement, this issuance reflects our commitment to the modernization of a robust financial infrastructure that allows us to develop capabilities that will be crucial for tomorrow’s banking”, says Javier Moraga, Manager of Bci’s Investment and Finance Division.

This initial issue by Bci complements the work that DCV started with the Central Bank of Chile in April of this year, an institution that already uses the DCV Digital platform for its PDBC digital placements. The collaboration with the Central Bank proved effective in validating the model’s efficiencies—such as shortened timelines, streamlined processes, and enhanced security standards—and has paved the way for other market participants, like Bci, to advance toward digitalization.

This new financial instrument contributes to creating a safer capital ecosystem. This transaction combines Bci’s expertise in issuing financial instruments with DCV’s cutting-edge technological infrastructure, establishing a foundation for future digital securities issuance in Chile.

This new financial instrument contributes to creating a safer capital ecosystem. This transaction combines Bci’s expertise in issuing financial instruments with DCV’s cutting-edge technological infrastructure, establishing a foundation for future digital securities issuance in Chile.

Gabriel San Martín, Senior Manager of nuam’s Negotiation business unit, explains that “this bell ringing ceremony is a chance to acknowledge the bond issuance happening today by an issuer like Bci on our Santiago Stock Exchange, within the fixed income market. We also commend DCV for introducing new technological features to the financial market. Advances like these enhance the development of the ecosystem and, in a complementary way, help build an increasingly connected and efficient marketplace.”

It should be noted that DCV Digital enables Depósito Central de Valores to provide services for digital assets and help optimize the processes related to these instruments. Along these lines, DCV will continue exploring the development of the expanding market for tokenized assets.