Foreign companies can now be part of ScaleX, the stock market for scaleups promoted by the Santiago Stock Exchange and Corfo, and operate thanks to the infrastructure provided by Depósito Central de Valores (DCV).

Due to a change in the regulation for ScaleX, starting in November of this year, companies registered outside of Chile will also be able to participate. This change is due to the growing interest of companies that are in an advanced stage of growth and meet the requirements but that, due to their registration abroad — usually in the United States — do not have this possibility.

The role of DCV in this process has been essential to developing a tailor-made solution for these companies, "As a market infrastructure provider with more than 30 years of experience, we are proud to provide specialized support to foreign issuers, as well as raising capital and growing as issuers in the country," says Asta Meiszus, Product Manager of the Company.

Through the CapTable service provided by DCV Registros, a subsidiary of DCV, the company is part of developing and strengthening the country's entrepreneurship and investment ecosystem, transforming Chile into an innovation pole in the region, contributing with experience, security, and quality.

CapTable operates mainly as a support for ScaleX. This way, the contracting process is done through this channel, and the specific queries associated with financing and transaction processes are within the platform. All the above, says Asta, "with the same standards with which DCV Registros administers more than 900 registries of corporations shareholders and investment fund investors which provides the confidence that investors need to invest in these scaleups: support, independence, and experience in the proper way of administering securities."

The main benefits available today include cross-listing of a part of the shares of the foreign registry in the local market, access to the OTC market, support for corporate actions, remote support from specialized executives specialized in issuers assistance and natural integration with Depósito Central de Valores.

For the product manager, the importance of developing these solutions lies in the fact that "bridges are built that bring the capital market closer to startups and professionalize certain activities of the market infrastructure."

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"Creating these instances in companies is vital to improving best practices," says Sandra Valenzuela, People and Culture Manager.

"Quality of Life" was the name given to a project whose aim is to improve the levels of satisfaction of Depósito Central de Valores' (DCV) collaborators regarding their work life, promoting instances of prevention and self-care.

During the second semester of this year, several activities were conducted as part of the program, among which two talks stood out. The first was on self-care with a thorough review of DCV's best practices handbook where the attendants could talk about healthy eating habits and their impact on work, obesity and diabetes, risk factors, sleep habits for better rest, physical activity, and sedentarism.

The second talk was a training session on acquiring new tools for financial planning in 2024. The course was called "Keys for managing personal finance," taught by Mauricio Torres Olmos, Co-Founder of Te-apoyo. Regarding this initiative, Sandra Valenzuela highlighted the following: "The talk on financial education addressed different topics such as income and expenses, how to create a family budget, and key concepts on investment, among others. Undoubtedly, financial education is a topic we should all be educated on."

Regarding the program in general, she added that "these instances are essential to improve best practices in companies. Our program acknowledges that well-being is necessary for people to advance in building a flexible and agile company with empowered teams that can rapidly adapt to the challenges of the market and our clients."

Along with these sessions, other initiatives took place during 2023, such as the "Nutricycle" and a soccer league to promote the integration and collaboration of work teams, together with education snippets, healthy activation breaks, sports, relaxation, consultations with dietitians and physical therapists, and recommendations for remote working, among others.

Due to the good response from our team, DCV will continue with its talks and training plan in 2024, reaffirming its commitment to constantly deliver its knowledge and tools for our collaborators' comprehensive development.

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These certifications reflect the importance assigned by DCV to information security, protecting information assets, and organizational resilience.

DCV, a leader in infrastructure solutions for the capital market, has reached an important milestone in its commitment to excellence in its services by keeping ISO 22301:2019 business continuity management and ISO 27.001:2013 information security management certifications.

These standards provide rigorous guidelines for management systems that allow to ensure and validate that DCV is prepared to face disruptive situations, ensuring that there are effective controls in place to protect information assets.

"We are proud to keep the ISO certifications because this reflects the ongoing commitment to excellence in information security and business resilience. Our team works to ensure that we are prepared to face any challenge and preserve the continuity of our services at an acceptable level and within the established times for our stakeholders, said  André Medel, DCV Risk and Continuity Assistant Manager.

As a result of the follow-up auditing, there were not any relevant breaches of the standard's requirements due to the maturity of the company's management system.

"It is very important for DCV for an independent and prestigious company as BSI (British Standards Institution) to certify what we do. It does not only validate our preparation for crises and our focus on information security but also the position of DCV in the market," added Medel.

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Claudio Garín, Business and Customer Experience Manager of Depósito Central de Valores (DCV), refers to the issuance and custody infrastructure that the company enabled to implement the mechanisms of the Electricity Tariff Stabilization Fund.

In the context of the Electricity Tariff Stabilization Fund created by Law 21472 of 2022, DCV informed about the creation of a solution for the registration of issuance, custody, and settlement of "Payment Documents" in favor of power generating companies, thus providing the necessary technology and operational infrastructure for this process.

The proposal considered understanding the customer's needs and operational, legal, and technological aspects to articulate a solution associated with the issuance of instruments and an operational design managed by DCV Asesorías y Servicios which, working in coordination with the General Treasury of the Republic, the Ministry of Finance and BID Invest, created and transferred the first 200 payment instruments.

"DCV has the ability to create solutions that respond to the needs of the capital market. We are always available to support our clients. This is also possible due to the continuous work in the Depositors Committee," said Claudio Garín, Business and Customer Experience Manager at DCV.

Through this new technology infrastructure, DCV created the "electronic bond" for these companies, making the process more expedited for all stakeholders and cooperating in a country project, providing a digital solution to put it into practice through a safe and transparent system for all.

Clementina Torres, DCV Operations and Processes Manager highlighted: "Over the past 30 years, we have strived to be at the forefront of the industry, always promoting innovation in the provision of new services and technological development. Due to this, we are proud to have participated in creating this new instrument and the operational infrastructure to support it."

Regarding the above, Juan Daniel Vargas, Head of Corporate Finance and Financial Planning of Enel Generación Chile S.A., said that "having DCV as the infrastructure provider has been very useful. We have been able to trust custody experts and have highly secure processes that have provided us the peace of mind to carry out this project."

"We have had the support of a human team with an incredible willingness to solve our questions and inconveniences at all times. Knowing that we can reach out to DCV and ask for their help is highly valuable to our business, whose main focus is energy; a very different world from the financial world," added Verónica Barros, Senior Legal & Corporate Counsel of Generadora Metropolitana.

This solution reflects the hard work of the company's team in the quest for operational efficiency through technology streamlining, where through agile and structured meetings methodologies with clients and stakeholders, "we articulated a proposal in record time that was adapted and adjusted in terms of its capacity to ensure the quality, technical and legal robustness required," said Claudio Garín.

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High security and efficiency standards that have
characterized DCV for 30 years.

Responding to its mission to provide an infrastructure of excellence for the capital market under the same security and efficiency standards that have characterized it for 30 years, Depósito Central de Valores (DCV) is focused on designing solutions for the securities market.

As mentioned by Javier Jara, Legal and Corporate Affairs Manager, "We are currently working on new lines whose purpose is creating technology infrastructure that promotes the entrance of startups and other companies to the capital market, which undoubtfully contributes to the development and dynamism of the national financial ecosystem."

In this context and in relation to the new stock market ScaleX platform deployed by the Santiago Stock Exchange to facilitate the funding of new businesses, DCV has created the Captable service to manage the shareholders' register and ownership for these companies that are starting to raise capital. As pointed out by Javier Jara, the advantage of Captable is that "this solution supports startups and also guarantees investors that their investments will be protected by an entity such as DCV."

The Company's Legal and Corporate Affairs Manager highlighted the importance of developing these solutions because "bridges that connect the capital market with startups are built, and certain infrastructures of the capital market are professionalized, contributing to the processes with technological strength and security which are very necessary to attract investors to our country."

The same solution is also being implemented in other corporations looking for local or international funding.

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"DCV Digital" is the project that guarantees high-security standards for the instrument issuance processes.

Innovation is a key factor in the development of new technologies that Depósito Central de Valores (DCV) is leading in 2023. Due to this, DCV and the Central Bank of Chile, the main issuer of financial instruments, decided to take a step together to develop a project called DCV Digital with Nasdaq.

It is an agreement through which these entities explored the feasibility of moving forward in the issuance of digital assets, considering issuance, administration, and buy-back stages, using DLT technology, known as Blockchain.

DCV Digital is a strategy to build a base infrastructure that includes these assets and that allows their digital issuance, considering the development of future solutions that include other parts of instruments' life cycles and the incorporation of other assets.

"We want to become a relevant player in digital assets custody to provide an applicable service that helps reduce risks and improve instruments issuance processes," explained Rodrigo Roblero, General Manager of DCV.

This is why they decided to move forward with their world-class technology partner. "Nasdaq provides a great level of support, knowledge, and investment in research. Continuing our collaboration with them after the go-live of DCV Evolution was a logical step given the native compatibility of their products," he stated.

This was part of an assessment period that started with the design and validation of a preliminary conceptual model and then moved to a detailed analysis and design process. Today the process is in its construction stage.

"The DCV Digital project strengthens our relationship with the Central Bank in the ongoing quest to modernize services for the securities market by leveraging new technologies," expressed the General Manager.

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