• Euronext collaborates with leading financial institutions to build a European CSD model, offering reduced costs, improved cross-border access and enhanced liquidity across European markets
• The initiative directly supports the EU’s Savings and Investment Union

Euronext, the leading European capital market infrastructure, announced continued progress in its initiative to create a European central securities depository (CSD) model. As a cornerstone of its Innovate for Growth 2027 strategic plan, the initiative directly supports the European Union’s goal of a genuine Savings and Investment Union by addressing post-trade fragmentation and driving efficiency, innovation and choice across European capital markets.

Building a European issuance model for market-wide benefits

As part of its Expansion project, Euronext Securities is working closely with leading issuing agents – including Uptevia, ABN AMRO Bank, Rabobank and Banque Internationale à Luxembourg – in its initiative to build a European-wide issuance model. This initiative aims to offer issuers real choice, enhance the liquidity and attractiveness of their securities, broaden the accessible investor base and improve shareholder engagement and governance. It also reinforces Europe’s capacity for innovation and resilience in post-trade operations, creating a foundation for a more integrated and competitive capital market.

Pierre Davoust, Head of Euronext Securities, said: “Euronext’s European CSD expansion marks a major milestone in our commitment to building a more unified and efficient European capital market. By working together with leading financial institutions, we are unlocking new opportunities for issuers and investors, strengthening Europe’s financial infrastructure and supporting the EU’s vision for a true Savings and Investment Union.”

Anthony Martin, Deputy CEO of Uptevia, said: “The mission of Uptevia, a leading corporate trust player in France, is to support companies of all sizes and their investors in their capital management and ancillary securities services. Being part of Euronext’s initiative fits with this purpose and allows us to support corporates – whether existing clients of Uptevia or not – that wish to move to Euronext Securities.”

Richard van Etten, Head of Corporate Broking & Issuer Services at ABN AMRO Bank, said: “In light of the EU”s Savings and Investment Union plans, we support developments that offer optionality in the issuance and post trade space, which resolves fragmentation. This should ultimately result in a better service and quality for issuers and shareholders, as well as more broadly support the European capital markets.”

Benefits for issuers and market participants

Euronext Securities’ European CSD model will deliver measurable value across the capital markets ecosystem. Market participants will gain access to a single, consolidated platform for settlement and custody across multiple EU markets, simplifying operations and enhancing efficiency. Streamlined processes and harmonised systems will reduce operational and execution costs, while state-of-the-art technology will foster automation, transparency and innovation. Issuers will benefit from broader cross-border investor reach and enhanced liquidity, supported by simplified, faster and more transparent corporate action management.

Next steps

In September 2026, Euronext Securities will become the CSD of reference for four major European markets, France, Italy, Belgium and the Netherlands, for equities and exchange-traded products. Dedicated client working groups and regulatory coordination are already underway to ensure a smooth transition. Clients will be able to onboard and test the new model in the first semester of 2026, ensuring a smooth transition and immediate access to benefits.

Earlier this year, Euronext successfully migrated its own shares to Euronext Securities Milan, leading by example and demonstrating the operational readiness of its European model.

This marks only the first phase of Euronext’s long-term vision. Future expansion will enable clients to centralise and optimise post-trade operations across all EU markets. Euronext Securities is strengthening its position as the CSD of choice in Europe, working closely with clients and partners to build a more competitive, connected and future-ready post-trade ecosystem, from issuance to settlement and custody.

Source: Euronext Securities