Rialto Markets Receives Regulatory Authority To Launch First-To-Market ADR Programs In Digital Format Via DSDC Network
New York, NY, and London, UK – July 22, 2025 – Rialto Markets, a FINRA-member broker-dealer and SEC-registered Alternative Trading System, is excited to announce regulatory authorization to provide supervisory oversight for securities transactions via the Digital Securities Depositary Corporation (DSDC) distributed Financial Market Infrastructure.
This landmark approval further paves the way for the creation, issuance, and servicing of American Depositary Receipts (ADRs) compliant with regulatory parameters for U.S. investors, marking the first publicly available, digitally orchestrated ADR program in the market. This innovative offering, powered by KALYP Technologies’ distributed ledger technology (DLT), enables seamless and more efficient processing of ADRs, representing shares of foreign blue-chip companies.
This first-to-market solution transforms the traditional ADR framework by utilizing DLT to streamline transaction and servicing processes, lowering costs and expanding access for U.S. investors.
“We are proud to partner with Rialto Markets to bring this groundbreaking ADR product to market,” said Alistair Jones, CEO of DSDC. “With regulatory oversight, we are setting a new standard for cross-border investments, harnessing KALYP’s state-of-the-art DLT to provide a secure, efficient platform that is consistent with regulatory requirements, making global securities more efficient for the US marketplace.”
Shari Nonnan, CEO and Co-Founder of Rialto Markets, said, “This milestone, reflecting our firm’s completion of FINRA’s membership review, represents a major step forward for Rialto Markets and the broader financial industry. Our expertise in digital securities and regulatory compliance, along with KALYP’s advanced technology, positions the DSDC network as a game-changer in issuing and servicing these new ADR securities. We’re excited to give the US market a choice on how to access foreign companies through this innovative, digital network.”
The DSDC network offers a purpose-fit distributed financial market infrastructure that connects regulated financial institutions and leverages their existing securities services as well as trusted smart contracts to manage the entire lifecycle of ADRs in a modern way. Key benefits include:
• Zero adoption barriers: Fully DTC-eligible securities that require no extra wallet, ensuring smooth integration with existing U.S. market infrastructure.
• Cost savings: Reduced service fees for holding digital ADRs and a new, lower transaction fee structure.
• Faster transactions: Quicker cash distributions, such as dividend payments.
This collaboration underscores the shared commitment of DSDC and Rialto Markets to revolutionizing capital markets through innovation, compliance, and accessibility.
The DSDC network invites regulated financial institutions, including ADR market makers, to consider joining and offering their services. To learn more about this opportunity, contact DSDC.
Media Contacts:
Rialto Markets - Email: rob@rialtomarkets.com
DSDC - Email: info@dsdc.net
KALYP - Email: info@kalyp.com
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.
