Euroclear UK & International (EUI) has announced its intention to participate in the UK’s digital securities sandbox (DSS), reports The Trade. Having already facilitated the issuance of DLT-based securities with the launch of its D-FMI platform in 2023, the CSD believes that joining the DSS represents a further step in supporting the evolution of digital financial infrastructure in the UK.
The Trade quotes EUI CEO Chris Elms: “By participating in the DSS, we believe we can make a connection between the markets of the present and the digital and data-enabled markets of the future.”
Out of the £40 trillion in assets under custody in Euroclear Group, EUI holds about £5 billion. It currently settles almost £1 trillion in transactions daily. One of the CSD’s most high profile issuance on D-FMI is a €100 million digital native note by World Bank.
Jorgen Ouaknine, group head of innovation and digital assets at Euroclear says, “The UK’s international financial centre is of strategic important to Euroclear and our global clients – building the next generation of resilient and efficient market infrastructure in London is a strategic imperative.”
