DSDC and Rialto Markets Partner to Pave the Way for Issuing Digital Securities as ADRs

Member Update
March 5, 2024
DSDC and Rialto Markets Partner to Pave the Way for Issuing Digital Securities as ADRs

Rialto Markets LLC, a FINRA member broker-dealer registered in all 50 US states, announced a groundbreaking strategic partnership with Digital Securities Depositary Corporation (DSDC). DSDC is a leader in financial infrastructure for the compliant issuance and servicing of tokenized and regulated financial assets. This partnership will revolutionize the issuance of regulated American depositary receipts (ADRs) in a fully digital format. For close to 100 years ADRs have represented a convenient way for US investors to access foreign public companies. The collaboration marks an important milestone in the next chapter of tokenized financial securities and opens up new avenues for traditional assets in the Web3 era.

“We are excited to announce our partnership with DSDC and to become a member of the DSDC network. It is a significant step forward in Rialto Markets’ mission to further service the institutional space leveraging our rich digital expertise,” said Joel Steinmetz, COO / Co-Founder at Rialto Markets.

DSDC and Rialto Markets have teamed up to meet the requirements needed to launch the DSDC’s initial offering of improved cross-border investments. These requirements are the result of a multi-year consultation with the SEC and FINRA. Rialto Markets will leverage its regulatory compliance expertise from issuing various digital assets to undertake an oversight role on the DSDC network. The collaboration ensures compliance with US regulatory standards and aims to provide better cross-border investment opportunities to potential investors. The institutional-grade market infrastructure from KALYP Technologies will power this offering. KALYP strongly focuses on modernizing and digitizing regulated financial securities.

“We are delighted to see Rialto Markets join our growing ecosystem of service providers to issue SEC-registered ADRs in digital format compliant with regulatory standards. This underscores our commitment to revolutionizing the world of traditional assets by harnessing the power of tokenization and is hopefully the last mile in our marathon to bring these digital securities to market via the DSDC network,” said Alistair Jones, CEO of the DSDC.

About Rialto Markets

Rialto Markets is a technology company at the crossroads of capital raising, trading, and building marketplaces in the private market.  Combining versatile technology with its FINRA member broker dealer and SEC registered Alternative Trading System, Rialto Markets empowers companies to build their own marketplace, raise money in the primary market, and trade electronically in the secondary market. Built by financial services veterans from Goldman Sachs, Citadel, and Morgan Stanley to name a few, Rialto Markets is transforming capital formation and trading in private markets. Rialto Markets is headquartered in New York City. For more information visit www.rialtomarkets.com.

About KALYP Technologies 

KALYP Technologies is a provider of enterprise software in the capital markets. Its distributed ledger-based software establishes smart market infrastructure for financial institutions and enables more efficient processing of digital securities in regulated markets. The firm is independently financed and led by a group of securities industry veterans and distributed ledger technology experts with international presence between London and Boston. For more information visit www.kalyp.com.

About DSDC

DSDC offers distributed market infrastructure delivering more efficient cross-border settlement of securities in digital format; initially Digital Depository Receipts (DDR’s). Any regulated financial institution with an existing service required across the lifecycle of DDRs  is invited to apply and join DSDC to offer their security services. Thereby DSDC offers existing firms to position their legacy services for the digital future. For more information, visit DSDC’s website at www.dsdc.net.

Important Information

All information has been obtained from sources believed to be reliable, but its accuracy is not guaranteed. There is no representation or warranty as to the current accuracy, reliability or completeness of, nor liability for decisions based on such information and it should not be relied on as such.