The Digital Securities Depositary Corporation (DSDC)
We deliver financial market infrastructure that modularises and unbundles all the securities services in the industry to level the playing field, drive efficiency and growth for more market participants. In addition, our infrastructure is directly operated and governed by all participating financial institutions in a highly resilient way and on a mutualised cost basis for everyone involved.
Initially, our infrastructure enables the registers of regulated securities transfer agents to make available securities positions, reference and corporate action data through codified inter-firm workflows for efficient processing among involved institutions. Over time we aim to become a "Central Securities Depository-like" entity, where the word "central" is replaced by "decentral" and "digital".
In order to introduce such infrastructure, we have strategically selected the American Depositary Receipt market - a USD 1 trillion market that exists since 1927 - as the first asset class for more streamlined processing.
Empirical data on UK investments by US investors has proven that our infrastructure reduces the fees for US investors on average by 38%. Reduced fees mean money can be put to work more efficiently for greater wealth of our societies.
At the outset we focus on bringing blue chip UK companies such as London Stock Exchange, Royal Mail, and many other unsponsored programs, into the hands of US investors more efficiently. All settlements and transfers in the US are solely taking place in DTCC. We foresee that 40-50 additional markets will be added step by step while the member community will explore further asset classes for more streamlined processing.
