DCV News

DCV Develops a Technology Project to Promote the Issuance of Digital Assets

DCV Nasdaq
 

"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.

Rodrigo Roblero, gerente general del DCV

"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.

El DCV desarrolla proyecto tecnológico para impulsar emisión de activos digitales

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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