Digital Central Securities Depository (CSD) Platform

Challenge

• Equity markets around the world are demanding faster clearing and settlement services 
• Need to modernize settlement clearing processing and ensure their relevance in capital markets for years to come

Solution

• Digital CSD built on Corda integrated into upstream and downstream services such as centralized registry(s) and off-ledger settlement 
• List, hold registry for, custody and settle a broader spectrum of institutional grade digital assets alongside traditional assets 
• Potential to enable T+0 atomic settlement 
• Why Corda? 
Corda was selected due to its unique distributed architecture and capabilities to improve the transparency, speed and resilience of the bond issuance process.

Why Corda? 

• Corda was selected due to its unique distributed architecture and capabilities to improve the transparency, speed and resilience of the bond issuance process.

Results

• 1st digital bond issued on Euroclear’s D-FMI platform by the World Bank with Citi acting as issuer agent and TD Securities acting as dealer
• Reduced settlement time to reduced counterparty, credit and default risk
• Expand customer and asset bases over time
• Impactful shift in how capital markets operate 
• Manage full end-to-end asset lifecycle from issuance to settlement