DCV PARTICIPATION
DCV (Depósito Central de Valores S.A.) is Chile's sole authorized Central Securities Depository, providing custody, settlement, and registry services for the Chilean capital market. It serves banks, brokers, pension funds, insurers, and corporate issuers through its DCV Evolution platform and subsidiary DCV Registros.
- Company typePrivate
- Founded1993
- HeadquartersLas Condes, Chile
- Headcount—
- GTM typeB2B
- OfferingServices
What DCV PARTICIPATION does
DCV (Depósito Central de Valores S.A.) is Chile's sole authorized Central Securities Depository (CSD), founded in 1993 and headquartered in Las Condes, Santiago. The company provides securities custody, settlement, and registry management services for the Chilean capital market, serving banks, brokerage firms, pension funds (AFPs), insurance companies, public corporations, and investment fund administrators. It has two wholly-owned subsidiaries: DCV Registros S.A. (shareholder registry administration and electronic voting) and DCV Asesorías y Servicios S.A. (advisory services). The company serves 174 client depositors, manages more than 1,000 records, and holds 100% service availability.
The company's technology platform centers on DCV Evolution (DCVe), a CSD platform developed in partnership with Nasdaq CSD and launched in August 2022 that provides domestic and international securities management, registration, custody, and transaction processing. Complementary proprietary platforms include Click&Vote (a blockchain-based electronic voting system co-developed with the Santiago Stock Exchange, which has supported 300+ shareholder meetings between 2020-2024 and is on track to cover 93% of IPSA index companies by 2026), the Issuer Portal, BRAA Web (Recognition Bonds for Active Members), and a digital subscription/redemption platform for investment fund units. The platform integrates with global custodians Euroclear and Citibank via ISO messaging and APIs to support DvP cross-border settlement, and includes a third disaster recovery site located more than 1,000 km from Santiago. Certifications include ISO 27001 and ISO 22301 (both renewed in 2022), ISO 27035, ISO 31000, ISO 19011, AT-320/AT-205 (SSAE-18), Thomas Murray A+ custody rating, and Great Place to Work (2024).
DCV's revenue model is based on transaction fees and recurring subscription-style fees across five streams: securities custody and settlement (domestic and international), registry management, corporate actions processing, collateral and guarantee services, and tax/information services. Pricing is established through individual institutional service agreements on multi-year contracts and is not publicly disclosed. The company has pursued regional expansion through the nuam partnership, going live in March 2026 as the centralized international custodian for Peru (Cavali) and Colombia (Deceval), migrating 1,641 value instructions worth US$11.1 billion and providing custody infrastructure for assets exceeding US$16.9 billion across Chile, Peru, and Colombia.
DCV PARTICIPATION firmographics
Firmographics- Name
- DCV PARTICIPATION
- Legal name
- Depósito Central de Valores S.A.
- Website
- https://dcv.cl
- Company type
- Private
- Founded year
- 1993
- Operating status
- Operating
- Short description
- DCV (Depósito Central de Valores S.A.) is Chile's sole authorized Central Securities Depository, providing custody, settlement, and registry services for the Chilean capital market. It serves banks, brokers, pension funds, insurers, and corporate issuers through its DCV Evolution platform and subsidiary DCV Registros.
- Ownership category
- akta.pro rank
DCV PARTICIPATION industry classification
Industry- Product category
- Central Securities Depository
- NAICS
- Financial Transactions Processing, Reserve, and Clearinghouse Activities (522320), Securities and Commodity Exchanges (52321)
- SIC
- Security Brokers, Dealers & Flotation Companies (6211)
- akta.pro primary industry
- National CSDs & Domestic Settlement Systems (FSAFAGAA)
- akta.pro secondary industries
- Central Securities Depository (CSD) & Securities Settlement Services (FSAAAOAD), Cash Settlement & DvP/PvP Settlement Agent Services (CSD-Integrated) (FSAFAGAK), Securities Clearing & Custody Services (DVP/RVP, Safekeeping) (FSABAJAD)
Keywords
Where DCV PARTICIPATION is headquartered
LocationHeadquarters
- HQ city
- Las Condes
- HQ country
- Chile
- HQ region
- Latin America
Offices3 records
Markets served
DCV PARTICIPATION business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Personnel, Technology or R&D, Operations, Infrastructure, Marketing or Sales
Revenue model
- Securities Custody and Settlement Services: Fees charged for domestic and international custody of securities, settlement services, and administration of securities accounts. Services include custody of fixed income, equity, and digital financial assets
- Registry Management Services: Administration of shareholder registries for corporations and investor registries for fund administrators, including digital subscription and redemption of fund units
- Corporate Actions Services: Processing of shareholder meetings, dividend payments, corporate restructuring, and other corporate events through digital platforms
- Collateral and Guarantee Services: Registration and management of special pledges, electronic pledge registry, notarial pledges, and mining guarantees
- Tax and Information Services: Tax certificates, annexes, and statistical reports for regulatory compliance
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Other | Multi-year contract | Institutional/B2B services - no public pricing |
Go-to-market motion1 record
Distribution channels5 records
Marketing channels6 records
DCV PARTICIPATION product offering
Product offeringCore offering
DCV PARTICIPATION (Depósito Central de Valores S.A.) is a Chilean Central Securities Depository that provides custody, settlement, clearing, and corporate registry services for securities traded in the Chilean capital markets. It operates the DCV Evolution platform (built on Nasdaq CSD technology) for participant onboarding and transaction processing, and serves institutional clients including banks, brokerages, pension fund administrators (AFPs), insurance companies, and issuers. The company also offers complementary services such as an Electronic Pledge Registry (REP), a Forward Contracts Platform, and international custody with regional integration through the nuam exchange.
Product overview
DCV (Depósito Central de Valores) operates as Chile's Central Securities Depository with a platform-plus-modules architecture. The core DCV platform provides custody, settlement, and registry management services, while specialized subsidiaries include DCV Registros for shareholder registry services and DCV Asesorías y Servicios for advisory functions. Key platforms include DCV Evolution (Nasdaq CSD-powered technology), Click&Vote (blockchain-based e-voting), and various client portals (Issuer Portal, BRAA Web). Service modules cover domestic/international custody and settlement, securities issuance, corporate actions, guarantees and pledges, financial derivatives, registrar services, and fintech offerings (Captable). The ecosystem serves 174+ depositants managing over 1,000 records.
Differentiator
Problem solved
Functional benefit
Brands
- DCV Registros: Subsidiary specializing in shareholder registry administration, fund investor register, and shareholder meeting management services including the Click&Vote digital voting platform.
- DCV Asesorías y Servicios
- DCV Evolution (DCVe)
- Click&Vote
- Captable
Quantifiable outcome
- 100% service availability maintained
- +3 more outcomes
Companies that use DCV PARTICIPATION
Customer profileNamed customers9 records
Segments4 records
Ideal customer profiles4 records
DCV PARTICIPATION technology and API
TechnologyAPI detail
- Has API
- Yes
- API docs
- API detail
Core technology
AI maturity
App detail
Integration6 records
Feature7 records
DCV PARTICIPATION partnerships and signals
Strategic signalPartnerships
14 partnerships are on record, tiered core and minor.
- nuamcorenuam partnership for advancing integration of capital markets of Chile, Colombia, and Peru. DCV acts as provider of centralized international custody for Peru and Colombia, with US$11.1 billion migration and coverage of over US$16.9 billion in regional assets.
- EVotingcoreStrategic partnership between DCV Registros and EVoting for modernizing shareholder meetings. Joint solution has digitized processes for over 100 companies, covering 93% of IPSA index companies by 2026.
- EuroclearcoreGlobal custodian providing international securities connectivity. DCV maintains direct connectivity through automated ISO messaging for cross-border custody services.
- CitibankcoreGlobal custodian partner for international securities operations. DCV liaises directly with Citibank for cross-border custody services.
- Cavali (Peru)corePeru's Central Securities Depository and Settlement House. Receives services from DCV under the omnibus account model as part of nuam regional integration.
- Deceval (Colombia)coreColombia's Centralized Securities Depository. Receives services from DCV under the omnibus account model as part of nuam regional integration.
- Santiago Stock ExchangecoreLong-standing partnership for developing market infrastructure including Click&Vote blockchain-based voting platform, joint sponsorship of Auna blockchain consortium, and collaborative financial education initiatives.
- Nasdaq CSDcoreTechnology provider for DCV Evolution platform. New CSD technology platform launched August 2022 providing enhanced performance, speed, and scalability.
- ScaleXminorAlternative financing market (stock exchange for scaleups) promoted by Santiago Stock Exchange and Corfo. DCV provides shareholder registry infrastructure for participating companies.
- InBest ChileminorPartnership for promoting Chilean financial market in the international community. Co-sponsored CLAPES UC study on Chile as exporter of financial services.
- Auna ConsortiumminorFirst Latin American consortium for blockchain-based financial solutions. Founding members include Santiago Stock Exchange, GTD Chile, and DCV. Creates ecosystem for companies to access blockchain solutions.
- CLAPES UCminorPontifical Catholic University of Chile research center. DCV co-sponsored study 'Chile Exportador de Servicios Financieros' analyzing challenges and opportunities for Chile as financial hub.
- British Standards Institution (BSI)minorChosen as certification partner for ISO 22301 and ISO 27001 certification audits and ongoing compliance reviews.
- Financial Education Committee (MEF)minorDCV is founding member and promoter of MEF. Collaborative initiative with private sector financial institutions for financial education programs.
Scale indicators10 records
Recent moves6 records
Expansion highlights5 records
DCV PARTICIPATION competitors and assessment
Company assessmentBroad incumbents
- Indeval: Mexico's central securities depository, subsidiary of BMV, providing custody, settlement, and asset servicing for the Mexican capital market. Closest large-market CSD peer to DCV in product model and regulatory positioning.
- Clearstream: Luxembourg-based international CSD providing cross-border custody, settlement, and asset servicing, part of Deutsche Börse Group. Comparable global CSD operating model to DCV's international custody business with global custodian connectivity.
- Euroclear: One of the world's largest international CSDs, providing cross-border settlement and custody infrastructure. Direct technology and connectivity partner to DCV via ISO messaging, and benchmark global CSD with comparable core services.
- B3 (Brasil, Bolsa Balcão): Brazilian exchange and central securities depository operating trading, clearing, settlement, and custody across multiple asset classes. A larger, publicly-listed incumbent in the same CSD category as DCV, with much broader scale and asset coverage.
- DTCC (Depository Trust & Clearing Corporation): US-based post-trade market infrastructure operator providing custody, clearing, and settlement services. DCV integrates with DTCC's Trade Comparison service for cross-border trade validation, reflecting comparable post-trade infrastructure role.
Direct peers
- Cavali (Peru): Peru's Central Securities Depository and Settlement House, providing custody, settlement, and registry services for the Lima Stock Exchange. Direct functional peer to DCV with comparable product suite, now a regional partner via the nuam omnibus-account model.
- Deceval (Colombia): Colombia's centralized securities depository handling custody, settlement, and registry for the Colombian capital market. Comparable CSD infrastructure and services, and now integrated with DCV via nuam for cross-border custody.
Regional players
- S3 (Argentina - Caja de Valores): Argentina's central securities depository providing custody, settlement, and registry services for the Argentine capital market. Comparable CSD function within the broader Southern Cone region, though serving a distinct market.
Others
- Nasdaq CSD: Technology provider that powers DCV Evolution, the core platform DCV launched in 2022. Comparable CSD technology stack to what DCV runs, and a strategic infrastructure partner rather than direct competitor.
Emerging players
- nuam exchange: Integrated regional exchange platform for Chile, Colombia, and Peru, formed through the merger of the Santiago, Lima, and Colombian exchanges. Deeply intertwined with DCV through the centralized international custody partnership, and a key strategic counterparty for DCV's regional growth.
Market position
Strengths4 records
Weaknesses5 records
Competitive moat6 records
Key risks6 records
Key highlights7 records
Customer concentration
DCV PARTICIPATION social profiles
Digital presenceDCV PARTICIPATION compliance and trust
Trust signalCompliance12 records
DCV PARTICIPATION financial estimates
Financial estimateRevenue estimate
Valuation estimate
DCV PARTICIPATION leadership team
Management profileNumber of profiles
DCV PARTICIPATION subsidiaries and ownership
Company hierarchySubsidiaries2 records
DCV PARTICIPATION funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
DCV PARTICIPATION M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about DCV PARTICIPATION
What does DCV PARTICIPATION do?
DCV PARTICIPATION (Depósito Central de Valores S.A.) is a Chilean Central Securities Depository that provides custody, settlement, clearing, and corporate registry services for securities traded in the Chilean capital markets. It operates the DCV Evolution platform (built on Nasdaq CSD technology) for participant onboarding and transaction processing, and serves institutional clients including banks, brokerages, pension fund administrators (AFPs), insurance companies, and issuers. The company also offers complementary services such as an Electronic Pledge Registry (REP), a Forward Contracts Platform, and international custody with regional integration through the nuam exchange.
Is DCV PARTICIPATION a public or private company?
DCV PARTICIPATION is a private company. It is classified as unknown and is currently operating.
When was DCV PARTICIPATION founded?
DCV PARTICIPATION was founded in 1993.
Where is DCV PARTICIPATION based?
DCV PARTICIPATION is headquartered in Las Condes, Chile, in the Latin America region.
How does DCV PARTICIPATION make money?
Five revenue lines are on record. Securities Custody and Settlement Services are the primary driver. The others are registry Management Services, corporate Actions Services, collateral and Guarantee Services and tax and Information Services.
Who are DCV PARTICIPATION's main competitors?
Broad incumbents on record are Indeval, Clearstream, Euroclear, B3 (Brasil, Bolsa Balcão) and DTCC (Depository Trust & Clearing Corporation). Direct peers are Cavali (Peru) and Deceval (Colombia). S3 (Argentina - Caja de Valores) is listed as a regional player. Nasdaq CSD is listed as an others. nuam exchange is listed as an emerging player.
Does DCV PARTICIPATION have an API?
Yes. DCV provides automated connectivity with international depositories and custodians through ISO messaging protocols and APIs. The platform enables interoperability between depositories via APIs and supports Delivery versus Payment (DvP) settlement standardization across markets. API connectivity allows nuam to have direct access to overseas depositories and custodians for cross-border custody operations.
What industry is DCV PARTICIPATION in?
DCV PARTICIPATION's product category is Central Securities Depository. Its primary akta.pro industry code is FSAFAGAA, National CSDs & Domestic Settlement Systems, with a secondary code of FSAAAOAD, Central Securities Depository (CSD) & Securities Settlement Services. Its NAICS code is 522320 and its SIC code is 6211.