Reading time: 3 minutes

With more than 180 attendees, Depósito Central de Valores (DCV) held its traditional year-end meeting with its clients,
The event, which has become a key gathering point for the Chilean financial market, provides an opportunity to assess the progress made and the challenges that will shape the next cycle. The meeting, held in a close and relaxed atmosphere, was a chance to pause and reflect on a particularly demanding year for the industry, as well as to look ahead amid significant regulatory, technological, and operational changes.

A transformative and concrete year for 2025
During 2025, DCV strengthened its role as a strategic market partner, expanding beyond traditional custody to offer a value proposition focused on efficiency, operational continuity, and high-quality digital solutions.
Among the main milestones of the year were the implementation of new APIs, the launch of the updated Forward Service, the deployment of the Digital Service for Balance Confirmation, the digital application for fund units deposit and redemption, and the successful activation of the new Disaster Recovery Site, confirming the robustness of DCV’s business continuity model.

Additionally, a key milestone in the market’s development was the issuance of the first digital bank bond, signaling the start of a new phase in the custody and trading of financial instruments in Chile.
A new chapter with RiskAmerica: increased capabilities, more value for the market
The meeting also served as an opportunity to share with clients one of the year’s key milestones: the incorporation of RiskAmerica into the DCV group, following its acquisition in mid-2025.
With over 20 years of experience, RiskAmerica is a leading provider in valuing local fixed income instruments, conducting financial risk analysis, and providing pricing services. It serves Mutual Funds, the Superintendence of Pensions, the Association of Insurers, and various other players in the financial system.

Its incorporation enables DCV to significantly broaden its service offerings by integrating critical infrastructure with advanced analysis, market information, and risk management capabilities. This enhancement strengthens decision-making for banks, insurance companies, GFAs, brokerage firms, institutional investors, and regulators.
2026: pension reform, new requirements, and a more comprehensive plan
Looking ahead to 2026, DCV faces a highly challenging scenario, driven by the implementation of pension reform and the market’s need for infrastructure, data, and services to support this new regulatory framework.

In this context, the combination of DCV’s operational strength with RiskAmerica’s analytical and technological capabilities will enable us to respond more effectively, quickly, and proactively to the new demands of the system, providing greater transparency, risk management, and operational efficiency.

The year’s close with clients was not only a celebration but also a clear sign of the current phase DCV is experiencing: an organization that is transforming itself, taking an active role in modernizing the Chilean financial market, and developing solutions for the challenges already in progress.
Digital Financial Asset