B3, the Brazilian marketplace operator, has completed the second phase of its new central securities depository (CSD) system, developed using VeriSafe technology from Vermiculus. This represents one of the largest CSD transformation projects globally, with Vermiculus and B3 delivering a major phase into production for the second consecutive year.
The elastically scalable platform now supports the full range of complex transactional rules required by a modern CSD, including settlement transactions, participant transfers, deposits, withdrawals and IPOs. VeriSafe also handles creation and redemption processes for all Brazilian certificate types, including ETFs, depository receipts and fractional shares. The microservice-based architecture enables B3 to introduce new products with shorter time-to-market whilst maintaining operational resilience.
Vermiculus and B3 are now progressing to the third and final phase, which will replace B3’s existing corporate actions module and further extend the system’s capabilities for high-volume corporate action processing.
Subscribe to our newsletter
