New Digital Subscription and Redemption Service for Investment Fund Units
The initiative seeks to modernize and streamline processes.

Depósito Central de Valores (DCV), through its subsidiary DCV Registros, continues advancing in its digital transformation strategy with the launch of the new digital subscription and redemption service for mutual fund units.

This milestone, which marks the second phase of the digitization project for general fund administrators (GFAs), is already available, as of July 7, 2025, for all GFAs operating in the country.

The initiative seeks to modernize and streamline the subscription (contributions) and redemption processes, replacing the use of physical letters with a robust and secure web platform. Through this solution, GFAs can record and approve their transactions electronically, achieving greater efficiency and traceability.

Concrete benefits for GFAs

The digital service allows administrators to reduce transaction processing times significantly; validate transactions with a second authentication factor for greater security; and monitor each stage online, with complete visibility from subscription to final approval. In addition, it enables synergies with the digital equity deposit and withdrawal service, optimizing flows in both services.

According to Dominique Orellana, DCV’s Account Manager, “this project arises to address one of the main pain points detected in GFAs, which is the lack of real-time follow-up of their transactions. Today, thanks to this application, administrators can enter, approve, and view the status of their transactions online, without depending on physical letters or multiple internal departments for processing. “

She added that “it also illustrates our joint work with our clients. Since last year, the DCV team has met with most of the companies in this industry to understand their pains and build a real solution together with them. That closeness explains much of the good reception this tool has received”.

A development built together with the GFAs

The first stage of the project was implemented with an initial group of five GFAs: Volcom Capital, Picton, Moneda AGF, and the two administrators of LarrainVial, who collaborated closely to validate the system and make key improvements. The service is currently being made available to a second group of GFAs, with a view to completing the digitization of all participants in the short term.

It should be noted that this digital service is only the basis of a continuous process of innovation. The DCV Registros team is already evaluating new phases to incorporate transactions such as reductions of capital and swaps, thus expanding the system’s coverage and consolidating the digital experience for GFAs.

Fernanda Delgado, Head of Operations – S&A, Larraín Vial, states that “the application has meant a substantial improvement in contributions and redemptions management. The team has received it positively, highlighting its ease of use and the efficiency of replacing instructions by letter with a digital, agile, and secure process. “

Commitment to safety and efficiency

From the beginning, the project has counted on the participation of DCV’s risk and cybersecurity departments, guaranteeing high standards in data protection and the management of authorized users.

For more details, check this news on the DCV website: Services for investment fund administrators. New Digital Subscription and Redemption Service for Investment Fund Units – DCV

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