Assets under management exceed 1.2 times GDP, and activity hits a five-year high

The Chilean capital market closed out 2025 showing clear signs of greater structural maturity, financial depth, and a strengthened infrastructure. The DCV reached a record custody balance of 10.139 billion UF, 11.5% more than in 2024 and the highest figure since its creation in 1993, which is equivalent to approximately 1.2 times the country’s Gross Domestic Product (GDP).

This figure does not represent an annual flow, but rather the total stock of financial instruments held in custody. Ratios of this magnitude reflect the maturity and depth of the market, placing Chile in a maturity range comparable to that of developed economies, whereas in similar emerging economies the ratio is typically much lower.

A particularly noteworthy point is that 99% of the securities in custody are fully dematerialized. This level of digitization reduces operational and legal risks, improves the traceability of transactions, and enables the handling of growing volumes while maintaining high security standards, bringing Chile in line with international best practices in financial infrastructure.

In terms of activity, 3.4 million transactions were recorded in 2025—the highest level in the past five years—with 1,841,908 of these being equity trades, marking a record high volume amid improved stock market performance and increased trading activity.

According to Rodrigo Roblero, CEO of the DCV, “these figures reflect the market’s confidence in a robust, secure, and world-class infrastructure. Our role is to coordinate the various players in the capital markets and provide the technological and operational foundation that enables the system to function efficiently, transparently, and with effective risk management. “The growth in custody and market activity demonstrates that Chile now has a solid financial infrastructure that is prepared for today’s and tomorrow’s challenges”.

With these indicators, the Chilean market reaffirms its position as one of the deepest and most sophisticated in the region, supported by modern infrastructure, a robust regulatory framework, and a growing capacity to support the country’s economic development.

“These figures show that the Chilean market is demonstrating a recovery and/or strengthening of equity liquidity—which is crucial for attracting investors—but also a greater structural maturity of the financial system,” says Rodrigo Roblero.