Cevaldom

What Cevaldom does

Cevaldom (CEVALDOM, S.A.) is the sole central securities depository of the Dominican Republic, providing post-trade market infrastructure under statutory authorization from the Consejo Nacional del Mercado de Valores and the Junta Monetaria. Founded in 2003 to dematerialize physical certificates, the company now operates three core service pillars: securities custody and book-entry registration (DCV), real-time gross settlement and clearing (SCL) using DvP and FoP mechanisms, and OTC market operations registry. Supporting infrastructure includes ISO 27001/27701-certified systems, an interactive Panorama del Mercado dashboard, an E-Notice electronic notification service, and a recently launched mobile application for individual investors.

The technology stack centers on a proprietary electronic book-entry system handling custody, registration, and settlement with real-time market transparency. Notable platform features include JWT-authenticated web services for market participant integration (Circular CG-002-2022), an OTC operations registry with real-time price disclosure, and links to international custodians for foreign-issued securities. Cevaldom operates under PFMI-aligned standards and is supervised by SIMV, CNMV, the Junta Monetaria, and the Central Bank.

Cevaldom's revenue model combines recurring and transactional streams approved by SIMV: annual system license fees (RD$84,000 for DCV, RD$18,000 each for SCL and OTC), monthly per-seat user access fees, monthly custody fees on average holdings (0.0061% domestic, 0.0070% international), and transactional charges for ownership changes, rights payments, securities lending settlement, and pledge services. Go-to-market operates through direct system access for market participants, a channel-reseller model via puestos de bolsa for retail investors, and self-service digital channels (Mi Cuenta portal and mobile app). Customers span individual investors, all authorized brokerage firms, major banks, over 100 corporate and government issuers, and the Central Bank.

Name

Cevaldom

Legal name

CEVALDOM, S.A.

Website

https://cevaldom.com

Company type

Private

Founded year

2003

Operating status

Operating

Headcount range

51–100 employees

Short description

Cevaldom is the sole central securities depository of the Dominican Republic, operating the regulated post-trade infrastructure (custody, clearing, settlement, and OTC registration) that serves all authorized brokerage firms, banks, and over 100 issuers.

Ownership category

akta.pro rank

Product category

Securities Depository and Financial Market Infrastructure

NAICS

Securities and Commodity Exchanges (5232), Trust, Fiduciary, and Custody Activities (523991)

SIC

Functions Related To Depository Banking, Nec (6099), Finance Services (6199)

akta.pro primary industry

National CSDs & Domestic Settlement Systems (FSAFAGAA)

akta.pro secondary industries

Securities Clearing & Custody Services (DVP/RVP, Safekeeping) (FSABAJAD), Central Securities Depository (CSD) & Securities Settlement Services (FSAAAOAD), Tri-Party Collateral Management & Settlement (FSACAHAE)

Keywords

• Central securities depository
• Securities custody services
• Book-entry registration
• Securities settlement infrastructure
• OTC market registry

Headquarters

HQ city

Santo Domingo

HQ country

Dominican Republic

HQ region

Latin America

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Technology or R&D, Personnel, Operations, Infrastructure, Marketing or Sales, Others

Revenue model

1. License Fees: Annual system license fees charged to participants for access to DCV (Depósito Centralizado de Valores), SCL (Sistema de Compensación y Liquidación), and OTC systems
2. User Access Fees: Monthly fees for system user access, with base fees for up to 2 users and additional per-user charges
3. Securities Custody: Monthly custody fees based on average monthly custody amount, charged at 0.0061% for domestic securities and 0.0070% for international securities
4. Issuance Registration: One-time fees for registration of securities issuance programs
5. Transaction and Service Fees: Fees for ownership changes, pledge registration, rights payments, compensation and settlement operations, and other operational services

Pricing tiers

Go-to-market motion1 record

Distribution channels5 records

Marketing channels8 records

Core offering

Cevaldom operates the Central Securities Depository of the Dominican Republic, providing electronic book-entry registration, custody, compensation and settlement (DvP Model 1 and FoP) of publicly offered securities, OTC market operations registration, rights payment distribution, and investor information services. It serves market participants (brokerage firms and banks), issuers (corporations, government entities, and investment funds), and individual investors through its regulated infrastructure.

Product overview

CEVALDOM is the Central Securities Depository of the Dominican Republic, providing a unified infrastructure platform for the securities market. The core offering encompasses three interconnected service pillars: (1) Investor Services including securities custody, certifications/account statements, property transfers, and broker changes; (2) Market Participant Services including OTC operations registry, compensation and settlement, and information services; and (3) Issuer Services including book-entry registration, payment of rights, and electronic notifications. Supporting digital channels include the CEVALDOM Mobile Application for investor self-service, an interactive Panorama del Mercado dashboard, and a subscriber newsletter. The platform operates under a regulated framework with internal tariffs approved by the Securities Market Superintendent (SIMV).

Differentiator

Problem solved

Functional benefit

Products and services

• Securities Custody Service (Custodia de Valores) Electronic custody of book-entry securities registered to end beneficiaries under proprietary and third-party account schemes, with links to international custodians for foreign-issued securities. Offered to market participants (banks, brokerage firms) and issuers.
• OTC Market Operations Registry Management of the OTC market securities operations registration system enabling efficient registration of OTC market transactions with real-time disclosure of trading conditions and pricing, supporting market transparency. Used by market participants and issuers.
• Compensation and Settlement Service (Compensación y Liquidación) Settlement of securities operations under Delivery versus Payment (DvP) Model 1 (real-time gross settlement) and Free of Payment (FoP) mechanisms, with collateral management services for credit risk mitigation. Used by market participants.
• Book-Entry Securities Registration (Anotación en Cuenta de Valores) Electronic registration of issued securities providing legal backing, security, optimized management, and access to efficient trading and settlement. Used by issuers at issuance.
• Payment of Rights (Pago de Derechos) Acting as payment agent for the distribution of redemptions, dividends, interest, and other returns generated by book-entry securities, receiving sums from issuers and distributing to investors on designated dates. Used by issuers.
• Information Services (Servicios de Información) Market information service providing structured data on market conditions, issuance details, custody holdings, and holder composition for market participants and issuers.
• Certifications and Account Statements (Certificaciones y Estados de Cuenta) Statements and certifications detailing investment balances, payments received, operations performed, and any liens or inscribed measures affecting securities availability. Includes Titularity Certification with Reservation of Priority. Used by individual investors.
• Property Transfers (Transferencias de Propiedad) Services for ownership transfers resulting from legal agreements such as inheritance division, co-ownership, donations, mergers, judicial orders, and pledge execution, including free pre-analysis of files. Used by individual investors.
• Stock Exchange Broker Changes (Cambios de Puesto de Bolsa) Service enabling investors to change their stock exchange broker, allowing transfer of securities to accounts at a new intermediary, processed directly through the central securities depository. Used by individual investors.
• E-Notice Electronic Notifications Service enabling issuers to send key information to investors via email, including corporate event communications, distributions, assemblies, exchanges, and digital forms for attendance confirmation. Used by issuers to communicate with their investor base.
• CEVALDOM Mobile Application Mobile application providing investors with official data on registered assets, featuring online balance consultation with filtering by participant/account/currency/issuer, operation history for market value movements, and real-time payment records. Used by individual investors.
• Panorama del Mercado (Market Overview Bulletin) Monthly bulletin service providing key securities sector statistics, analysis and trends, with an interactive dashboard for querying and comparing market indicators and an email subscription for new editions. Used by market participants, issuers, and investors.
• Corporate Events Calendar Interactive calendar displaying scheduled payments and assemblies for each registered securities issuance, covering over 100 issuers including banks, government entities, investment funds, and corporations.

Quantifiable outcome

• Thomas Murray risk rating of A+ (Low Risk), placing Cevaldom above the regional average for CSDs in the Americas
• +1 more outcomes

Named customers6 records

Segments3 records

Ideal customer profiles3 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature5 records

Partnerships

Eight partnerships are on record, tiered core and minor.

• International Securities Services Association (ISSA)coreStrategic or Co-development Partner · 6 October 2025Cevaldom officially joined ISSA in October 2025. Founded in 1979 in Switzerland, ISSA is a global organization grouping major actors in the securities services ecosystem including central depositories, custodians, banks, technology companies and other value chain participants. Membership reinforces Cevaldom's commitment to adopting international best practices and strengthening the Dominican securities market infrastructure.
• Cámara Dominicana del Mercado de Capitales (CADOMCA)coreStrategic or Co-development Partner · 27 March 2025CADOMCA is a non-profit association working to promote and strengthen the development of the securities market in the Dominican Republic. Cevaldom was designated as a member of CADOMCA's Board of Directors in March 2025, representing recognition of Cevaldom's role as a market infrastructure provider.
• Asociación Dominicana de Empresas Fintech (AdoFinTech)minorStrategic or Co-development Partner · 17 February 2025AdoFinTech is the Dominican Association of Fintech Companies. Cevaldom's Director General, Freddy Rossi, serves as Vice-Treasurer on AdoFinTech's Board of Directors, with Cevaldom contributing to initiatives that promote digital transformation and financial inclusion.
• Thomas Murray Ltd.coreOthersThomas Murray is a global specialist in post-trade risk and custody risk assessment. They conduct annual risk evaluations of Cevaldom's operations, resulting in the A+ (Low Risk) rating. Cevaldom has been consistently rated above the regional average for CSDs in the Americas.
• Superintendencia del Mercado de Valores (SIMV)coreOthersSIMV is the regulatory body overseeing the securities market in Dominican Republic. Cevaldom operates under SIMV's supervision and all internal regulations require SIMV approval. Cevaldom collaborates with SIMV on market development initiatives including the annual Expo Mercado de Valores.
• Consejo Nacional del Mercado de Valores (CNMV)coreOthersCNMV is the governing body for the securities market. CNMV grants Cevaldom's operating authorization as Central Securities Depository, Compensation and Settlement System Administrator, and OTC Registration System Administrator.
• Banco Central de la República DominicanacoreOthersThe Central Bank oversees payment systems and provides settlement account services. Cevaldom is authorized by the Junta Monetaria (Monetary Board) as administrator of payment/settlement systems and operates guarantee accounts at the Central Bank.
• Pontificia Universidad Católica Madre y Maestra (PUCMM)minorOthersSeveral Cevaldom Board members hold degrees from PUCMM, indicating an academic relationship in talent development.

Scale indicators5 records

Recent moves7 records

Expansion highlights5 records

Broad incumbents

• Euroclear: International central securities depository providing cross-border settlement and custody services. Cevaldom already maintains links to international custodians, and Euroclear represents the type of global infrastructure Cevaldom interfaces with for cross-border issuance and foreign securities custody.
• DTCC (Depository Trust & Clearing Corporation): U.S. post-trade market infrastructure operator providing central securities depository, clearing, and settlement services. A global benchmark CSD operator with analogous product pillars (custody, settlement, information services).
• Clearstream: Luxembourg-based international CSD providing settlement, custody, and asset servicing globally. Comparable in function to Cevaldom's international custody link service for foreign-issued securities held by Dominican investors.
• B3 (Brasil, Bolsa, Balcão): Brazilian financial market infrastructure operator combining exchange, CSD, and clearinghouse functions. Far larger in scale but operates overlapping CSD and settlement capabilities; serves as a benchmark for the regional infrastructure evolution path.

Direct peers

• Deceval: Colombia's central securities depository, providing electronic custody, settlement, and registration services for the Colombian capital market. Closely comparable in scale and emerging-market operating context to Cevaldom, with similar product pillars and regulatory structure.
• Indeval (S.D. Indeval): Mexico's central securities depository and a direct functional peer — operates the national CSD, settlement system, and custody services for the Mexican securities market, with comparable DvP/FoP settlement mechanisms and book-entry registration. Most directly comparable CSD in the Latin American region.
• CAVALI S.A. ICLV: Peru's central securities depository, providing custody, settlement, and registry services for the Peruvian securities market. Comparable small-to-mid emerging-market CSD with similar regulatory oversight and revenue model structure.
• DCV (Depósito Central de Valores): Chile's central securities depository, providing custody, settlement, and registry services for the Chilean capital market. A direct functional peer with similar product mix and regulatory framework.

Regional players

• Trinidad and Tobago Central Depository (TTCD): Central securities depository serving the Trinidad and Tobago capital market. A Caribbean regional CSD peer with a comparable small-market, single-country infrastructure monopoly model.
• Jamaica Central Securities Depository (JCSD): Caribbean regional CSD serving the Jamaican securities market. Closest geographic peer to Cevaldom in the Caribbean basin — similar small-market CSD model with regulatory oversight and book-entry infrastructure.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat6 records

Key risks6 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/cevaldomrd
• Instagraminstagram.com/cevaldomrd

Compliance2 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles11 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Cevaldom