Last week Chile’s Central Securities Depository (DCV) announced it is upgrading its systems as it wants to be a pioneer in the tokenization of assets. Last year DCV replaced its legacy system to use Nasdaq’s CSD platform and will now also integrate Nasdaq’s digital assets capability.
The central securities depository (CSD) is eyeing the ability to use smart contracts to automate life cycle events such as interest payments on bonds ssued as digital securities. The upgraded solution will support the issuance, registration and settlement of digital securities.
“Market infrastructures are increasingly looking for ways to adopt tokenization,” said Nasdaq EVP Roland Chai. “Nasdaq’s technology allows providers to continue to provide traditional securities services while capturing the various opportunities with digitized assets.”
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