During its first days of operation, the new platform has increased the speed of transactions with substantial benefits to the market. In addition, new services can be accessed, and new technologies can be implemented.

Currently, the Chilean capital market is facing several challenges. And with Depósito Central de Valores (DCV) as a relevant player in the system being responsible for holding securities and recording and settling stock exchange and OTC transactions, among other services, we decided to deploy a state-of-the-art technology base as the central axis of our strategy to accompany the market in its evolution.

In 2018, a partnership was created with Nasdaq, a world-class technology provider, to install a new platform and computer system to provide their services, placing the Chilean market at the forefront of security depositories worldwide.

This great innovation, called "DCV Evolution," completed its installation process in September, taking another step forward to continue moving towards capital market development, facilitating interconnection with international markets and promoting the development with the industry's players of newly added value services.

"It is important to mention that this project involved the active participation of all of our clients, stock exchanges, clearing and settlement houses, the Central Bank of Chile, and other companies of the securities market infrastructure, which was vital for the success of this initiative." In addition, there was an on-going communication with our authorities given the importance and scope of the change," says Guillermo Tagle, President of DCV, who, together with Rodrigo Roblero, the Company's General Manager, comment on the benefits of the new system and the following steps to be taken in the Company.

When did the system go into operation, and which services are available for our clients?
Rodrigo Roblero: The platform went into operation on August 16 for all DCV participants, who were able to log in on August 15 (a bank holiday) to check their balances and test the system out, which reflects the extraordinary commitment of all the parties involved in this complex change process. In this first stage, we focused on moving the current services of DCV to the new platform. Now that that phase has been completed, we will start with a new one that includes improving the quality standard of our services and exploring new growth and business opportunities.

What is the impact of the start-up of this new platform in partnership with Nasdaq in the financial market?
Guillermo Tagle: First, DCV will be able to access new services currently offered in the more developed markets and customize them together with Nasdaq for our market. The second relevant impact is that it will help us face in a better way the changes being experienced in the Chilean market, making it possible, among other things, to help in the challenges that will be given by the new Fintech law that is currently being discussed in the congress. Similarly, it will allow DCV to be more adaptable to include blockchain technology-based services such as facilitating the issuance of digital assets or their tokenization.
Finally, this new platform will allow improving processing capacity and reducing time, which is excellent news for our market.

Which benefits does this bring for the clients that operate in the financial market?
Rodrigo Roblero: During the first days, we experienced a considerable increase in the processing speed of DCV transactions, up to 144 times faster. This means that the processes that used to take place in seconds have been reduced to milliseconds. On the other hand, we have continuously communicated with our clients, proving that the new user experience is more efficient and straightforward, thus facilitating their work. The change has been evaluated positively by the market.
Our team worked hard in this process to ensure that our clients moved into production successfully and for the market to obtain the benefits of having a high-processing capacity, efficient, and resilient platform to face the future challenges of our market.

In the era of cyberattacks, what are the guarantees this platform offers for clients to operate?
Rodrigo Roblero: Cybersecurity does not only play a role in the development of a technology platform; it is also included in the way of managing and handling all the Company's infrastructure resources. Nasdaq technology provides us access to the best practices in this area. However, we are aware of the fact that we must always be looking out for any threats. DCV considers cybersecurity a central aspect of its operation, where we will continue strengthening our protocols to be prepared to face these risks. Nobody is free of cyberattacks, so we are constantly focusing on managing any risks related to that matter.

Do you have any plans after DCV Evolution? Are you planning to participate in new businesses?
Guillermo Tagle: As mentioned, we have taken a significant step for the Company and the market, moving from (in the context of installing a system in a big bang modality) an old technology system to an entirely new world-class system such as the Nasdaq platform. We will continue ensuring the system's proper operation but are already planning the second stage of future development for our Company. In the short term, the Company decided to start a new project called "DCV Digital," which includes in its first phase enabling custody and settlement services for digital assets based on blockchain technology. For this, we are working with some players in the market. We will also start a profound transformation process to improve the shareholders' registers we manage through our DCV Registros S.A. subsidiary.

Rodrigo Roblero: In addition to what our President has mentioned, DCV will continue enabling new services that provide value to the market with the same quality, security, and efficiency standards that characterize us. Our future growth strategy also considers strengthening the cross-border custody service and integrating with other entities to provide our services. It is worth recalling that the Company recently created a new subsidiary called "DCV Asesorías y Servicios" which will allow us to grow in activities that are complementary to our line of business.

News Center

Claudio Calderón, the Company's Head of Strategic Projects, talks about the importance of this initiative for the financial market.

AUNA is the first consortium in Latin America founded by Gtd and Depósito Central de Valores (DCV) that promotes an ecosystem for companies to create their own blockchain networks and solutions based on this technology.

Claudio Calderón Pefaur, DCV's head of Strategic Projects, highlights how important it is for the company to be part of this initiative with two other prominent players in the financial market. "When AUNA was founded, the first solution that it had installed was stock exchange securities lending. And back then, this product took a week to be executed. However, it only takes 7 minutes with blockchain technology. It has been one of our most important businesses, and we aim at its development to the extent that new instruments and vendors come into play," he says.

The developed platform allows becoming an enabler to create a financial ecosystem, "where we are not only helping different companies to interact, but we are also providing the tools to create new products in this ecosystem under a safe and distributed environment," he adds.

Mr. Calderón believes that it is imperative for AUNA to continue growing to develop more products and attract more clients and ensure that large and mid-sized companies become part of this digital identity world. "This is an excellent alternative for the entities related to the Fintech world because it allows them to create, launch and market blockchain applications, establish partnerships with other companies, and become well-known among the broad network of founding companies."

With this in mind, the three founding entities launched the AUNA Open Challenge 2022 contest, aiming to set challenges and find new opportunities for local and international startups. This challenge will take place as a tournament. The winner will obtain a prize of USD 10,000 and the option to create a pilot program for the selected proposal with actual clients to market and expand their business to the following countries: Chile, Peru, Colombia, and Ecuador.

In summary, the objective of this financial ecosystem is to become an offer that focuses on digital transformation where different players in the capital market have the opportunity to renew their infrastructure with a more reliable and versatile one, which is also one of the goals that DCV set for the following years.

DCV used the same technology used by AUNA (Blockchain Hyperledger Fabric of Linux Foundation, and currently also Hyperledger Besu) to launch the e-voting platform for Shareholders' and Bondholders' Meetings, Click&Vote, in 2020 during the Covid-19 pandemic. Currently, both solutions are managed through the platform.

News Center

The successful re-certification audit process led to the certificate's renewal for an additional three-year period. 

Depósito Central de Valores (DCV) chose British Standards Institution (BSI) for the annual follow-up of the ISO 22301 and ISO 27001 certifications because it is one of the best in the market for these certifications and to go through the audit and review process based on international standards.

It is worth mentioning that the certification includes a 3-year audit and maintenance follow-up cycle, and it is in the third year that the re-certification audit process starts. During the week of August 8 to 12, 2022, the BSI audit team based in Brazil communicated in their report that based on the results of these audits, the objectives were met and concluded that DCV meets the standard's requirements and criteria and considers that the management systems achieve the expected outcomes to renew their certification for three additional years.

ISO 22301 is a standard that focuses on Business Continuity Management, which guarantees that the company will be able to continue providing its services without any inconveniences given any unexpected technical or operational events. Similarly, ISO 27001 specifies the requirements to establish, implement, maintain, and continuously improve an information security management system.

Obtaining these two ISO certifications is part of the excellence and security policy that DCV applies to the services provided to its clients.

News Center

DCV is the founder of the Inclusion and Financial Education Committee (Mesa de Inclusión y Educación Financiera, MIEF), a group that gathers all the financial trade associations of the country, June 17 was the start date of the seventh version of the course for financial journalists led by Centro de Estudios Financieros (CEF), ESE Business School, Universidad de Los Andes, to which the Inclusion and Financial Education Committee (MIEF) joined and where Depósito Central de Valores (DCV) is one of its 11 members.

During the first quarter of the year, local Corporations hold annual general shareholders' meetings where management informs investors about the company's current status and plans. In these meetings, financial statements are approved; in some cases, the Board of Directors, external auditors, and risk rating companies are renewed, and dividend payments are approved.

Sandra Valenzuela, DCV People Management manager, tells us about the main challenges for 2022, a year that will be of significant importance for the Company.
In this sense, choosing a hybrid work model and the roles of leaders will be vital.