With a promise that its new platform “enables the digital issuance of securities as well as manages the entire lifecycle of securities in a single system”, the Austrian central securities depository says its solution from New York-based vendor Montran is now up and running.

According to a joint press release from the system seller and buyer, the solution was made possible by a recent amendment to Austria’s national depository regulation.

The platform “supports full integration with customer systems to create seamless and paperless process. Customers can now benefit from end-to-end digitalization with an increased level of flexibility, speed, and convenience,” they write.