CSD BR — which has Santander, BTG and UBS as partners and intends to become an exchange to compete with B3 — has reached BRL 9 trillion in registered assets since 2020. This figure represents a 172% jump from the amount accumulated a year ago, of BRL 3.3 trillion.
According to the company, the number of customers served increased by 45% during the period, to 81. Twenty-eight of these are banks, including institutions such as Bradesco, HSBC, Goldman Sachs and C6.
The company attributes this expansion to factors such as the Central Bank’s authorization for CSD BR to act as a central depository and settlement system. Previously, the company operated solely by registering assets traded on the primary market.
“Following this publication, the company began depositing and settling a variety of financial assets, including those traded in the secondary market and CRI and CRA transactions,” the CSD said in a note.
The company received an investment of 100 million reais in August from investors including Citi, Morgan Stanley and UBS. In 2022, CSD had already raised 200 million reais from BTG, Santander and the Chicago Board Options Exchange (CBOE), an American stock market giant.
The company is one of the few companies that wants to challenge B3. Also becoming a stock exchange are ATS, of which Mubadala is a partner, and A5X, which has as its creators former partners of XP and the president of the Ideal brokerage house (now part of Itaú).
About The Author
