BYMA enters the Blockchain world for post-trade.

Caja de Valores, part of the BYMA Group, together with Swift and a group of leading global Central Securities Depositories move forward to use Blockchain for post-trade.

Caja de Valores SA, an Agent for Collective Depositary (ADC) that is part of the BYMA Group; SWIFT, the global provider of secure financial messaging services; and the world's leading Central Securities Depositories, are joining forces to demonstrate the value of Blockchain technology for securities markets, such as proxy voting and digital assets.

SWIFT and Caja de Valores SA, together with Abu Dhabi Securities Exchange, Central Securities Depository, Nasdaq Market Technology AB, National Settlement Depository, SIX Securities Servicesand Strate Ltd, signed a Memorandum of Understanding (MOU) to discuss the implementation of Blockchain technology. (*)

Alejandro Wyss, CIO - Divisional IT Manager of Caja de Valores SA expressed: "It is a very gratifying experience to participate in the group and that our contribution serves in the definition of the necessary actions to face the challenges and opportunities that Blockchain means for our business, sharing knowledge and points of view with our colleagues from all over the world."

Today, securities processing, particularly in areas that require more than one contact, involves extremely cumbersome manual processes that can carry significant costs and risks. As part of the MOU, SWIFT and the Depositaries have defined product requirements for conducting Blockchain-based electronic voting that include common standards and principles (ISO 20022).

Ernesto Allaria, President of BYMA stated:"It is a double satisfaction for BYMA, firstly because it positions, once again, the national capital market in the international orbit, and also, because it confirms the confidence of the international market in the Argentine talent, by convening us to a working group to analyze and discuss actions for the benefit of the economy."