SEC Makes Effective the First-to-Market ADR Program Delivered via Purpose-Built Permissioned Blockchain
New York, NY, and London, UK – March 9, 2026 – Digital Securities Depositary Corporation (DSDC), an SEC-regulated entity that governs a permissioned network of financial services institutions in the U.S. capital markets, has received a declaration of effectiveness from the U.S. Securities and Exchange Commission for the first of a series of international blue-chip securities to be delivered to the U.S. marketplace.
This declaration of effectiveness marks the completion of a lengthy regulatory process and removes the final dependency for the DSDC model to begin live operations. With this milestone achieved, DSDC is now progressing to make this digitally serviced security listed and tradable in traditional OTC markets and DTC-eligible.
“This has been a multi-year journey of collaboration, conviction, and quiet persistence. We are deeply grateful to everyone who joined us in building this new market infrastructure. Together, we have laid the foundation for a more open, trusted, and compliant future.” — Alistair Jones, CEO, DSDC
The DSDC permissioned network is powered by KALYP Technologies, a UK-based software company with a decade of experience developing blockchain-based financial market infrastructure.
“Less than 1% of global securities are tokenized today, but the infrastructure for large-scale transformation is finally taking shape across traditional financial market institutions. On day one, the solution from DSDC unifies these institutions to create better ADR securities, specifically starting with the unsponsored market.” — Thorsten Peisl, CEO, KALYP Technologies
This milestone reflects strong alignment across regulated institutions and demonstrates how an open, distributed DLT network can enable new forms of business model innovation in cross-border capital markets.
Media Contacts:
DSDC - Email: info@dsdc.net
KALYP - Email: info@kalyp.com
About DSDC
DSDC offers a distributed market infrastructure for more efficient financial securities in traditional and tokenised format; initially unsponsored American Depositary Receipts. Any regulated financial institution with an existing service required across the lifecycle of ADRs is invited to join DSDC and participate in the ADR market. Thereby, DSDC offers existing regulated firms to position their legacy services for the digital future. For more information, visit www.dsdc.net.
About KALYP Technologies
KALYP Technologies is a provider of enterprise software in the capital markets. It's distributed ledger-based software establishes financial market infrastructure with a novel marketplace for services from regulated financial institutions and enables more efficient processing of securities in tokenised and traditional formats. 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.
Important Information
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