Euronext launches European CSD testing phase
06 May 2026 Europe
Image: kaliel/stock.adobe.com
Euronext has launched its testing phase for its European Central Securities Depository (CSD) expansion, a milestone in building a more efficient and integrated post-trade environment for clients across Europe.
From September 2026, Euronext Securities aims to offer a competitive European CSD service for equities and ETFs in Belgium, France, and the Netherlands, complementing its existing markets in Denmark, Greece, Italy, Portugal, and Norway.
According to the firm, European CSD expansion is a key component of Euronext鈥檚 鈥業nnovate for Growth 2027鈥� strategic plan.
Euronext Securities has opened its testing environment to clients, enabling them to onboard, test connectivity, and validate operational readiness during Q2 2026 ahead of go-live, while also allowing participants to complete testing at their own pace, supporting a progressive onboarding approach.
Pierre Davoust, head of Euronext Securities, states: 鈥淭his is about delivering a European post-trade infrastructure that reduces complexity, improves resilience, and puts issuers and investors first.
鈥淥ur focus is on ensuring a smooth transition and delivering long-term value from day one.
鈥淲ith September 2026 fast approaching, we are fully focused on disciplined delivery and operational resilience.
鈥淪eptember 2026 marks the start of a scalable and efficient European model that will generate long-term value for issuers, investors, and shareholders.鈥�
According to the firm, this testing phase marks a large step: for the first time, the full settlement chain, from issuance to custody, is being validated end-to-end within Euronext Securities' consolidated European infrastructure.
The architecture is designed to deliver a single, harmonised platform for settlement and custody across multiple EU markets, with streamlined corporate action management, enhanced transparency, and reduced operational costs.
Custodians, including BNP Paribas鈥� Securities Services business, Citi, and CACEIS have expressed they welcome Euronext鈥檚 value proposition, which facilitates optionality across markets.
Reto Faber, head of custody for Europe, UK, Middle East, and Africa at Citi Investor Services, says: 鈥淐iti鈥檚 participation in Euronext鈥檚 European CSD expansion and convergence programmes reflects our shared commitment towards building competitive and efficient capital markets in Europe.
鈥淭his requires structural change and initiatives that can simplify and provide resilient post-trade market infrastructure to support long-term growth, particularly as the region also transitions to a T+1 settlement cycle next year.
鈥淓uronext Securities鈥� end of state model addresses the operational fragmentation our clients face today, and we will work closely together during the testing phase to ensure a seamless transition for our clients in September.鈥�
From September 2026, Euronext Securities aims to offer a competitive European CSD service for equities and ETFs in Belgium, France, and the Netherlands, complementing its existing markets in Denmark, Greece, Italy, Portugal, and Norway.
According to the firm, European CSD expansion is a key component of Euronext鈥檚 鈥業nnovate for Growth 2027鈥� strategic plan.
Euronext Securities has opened its testing environment to clients, enabling them to onboard, test connectivity, and validate operational readiness during Q2 2026 ahead of go-live, while also allowing participants to complete testing at their own pace, supporting a progressive onboarding approach.
Pierre Davoust, head of Euronext Securities, states: 鈥淭his is about delivering a European post-trade infrastructure that reduces complexity, improves resilience, and puts issuers and investors first.
鈥淥ur focus is on ensuring a smooth transition and delivering long-term value from day one.
鈥淲ith September 2026 fast approaching, we are fully focused on disciplined delivery and operational resilience.
鈥淪eptember 2026 marks the start of a scalable and efficient European model that will generate long-term value for issuers, investors, and shareholders.鈥�
According to the firm, this testing phase marks a large step: for the first time, the full settlement chain, from issuance to custody, is being validated end-to-end within Euronext Securities' consolidated European infrastructure.
The architecture is designed to deliver a single, harmonised platform for settlement and custody across multiple EU markets, with streamlined corporate action management, enhanced transparency, and reduced operational costs.
Custodians, including BNP Paribas鈥� Securities Services business, Citi, and CACEIS have expressed they welcome Euronext鈥檚 value proposition, which facilitates optionality across markets.
Reto Faber, head of custody for Europe, UK, Middle East, and Africa at Citi Investor Services, says: 鈥淐iti鈥檚 participation in Euronext鈥檚 European CSD expansion and convergence programmes reflects our shared commitment towards building competitive and efficient capital markets in Europe.
鈥淭his requires structural change and initiatives that can simplify and provide resilient post-trade market infrastructure to support long-term growth, particularly as the region also transitions to a T+1 settlement cycle next year.
鈥淓uronext Securities鈥� end of state model addresses the operational fragmentation our clients face today, and we will work closely together during the testing phase to ensure a seamless transition for our clients in September.鈥�
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