Euronext has started working in collaboration with leading financial institutions across Europe, as part of the firm’s effort to accelerate its plans to create a pan-European central securities depository (CSD) model.
Specifically, the firm has begun engaging with issuing agents including Uptevia, ABN AMRO Bank, Rabobank and Banque Internationale à Luxembourg to move ahead with its initiative.
By creating a single unified European CSD, Euronext aims to address post-trade fragmentation across European capital markets, and enhance issuer choice, liquidity and attractiveness of securities, and expand the accessible investor base, shareholder engagement and governance across the region.
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.”
Euronext is also set to become the CSD of reference for equities and exchange-traded products (ETPs) in French, Italian, Belgian and Dutch markets, effective September 2026.
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Richard van Etten, head of corporate broking and 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.”
Plans for a European-wide issuance model also align with the Savings and Investment Union (SIU) initiatives, launched by the European Commission in March 2025, to support the development of European capital markets and boost investment and financing.
In addition, on 5 December, the European Commission unveiled a major package of reforms developed as part of the SIU strategy, with one of the proposals centred on broader passporting for trading venues and CSDs, and the supervision of CSDs shifting to the European Securities and Markets Authority (ESMA).