10 April 2026
CSDonDLT: Presentation of Objectives and Cooperation Model
For a market that is changing. For a future that is already here.
KDPW has presented to market participants the key objectives of the project and the cooperation models relating to the development of the CSDonDLT system, whose selected features will be made available for external testing in the near future.
Opening the meeting, KDPW CEO Maciej Trybuchowski said that KDPW has for several years been using solutions based on blockchain, including its service supporting general meetings. Mr Trybuchowski pointed out that most European CSDs are currently working on projects which deploy blockchain to streamline the settlement of transactions and the maintenance of financial instrument registers. “If the Polish capital market wants to be competitive and relevant internationally, it must follow trends and adapt to changing conditions and new technological solutions,” said Mr Trybuchowski.
Marcin Truchanowicz, Member of the KDPW Management Board, stressed that KDPW is constantly enhancing its capabilities, particularly in areas related to the use of new technologies to improve the efficiency and security of services provided by the KDPW Group which support the development of the entire capital market.
Rafał Wawrzyniak, KDPW CTO and Managing Director for IT, and Michał Krystkiewicz, Head of the KDPW Innovation Team, presented the project’s objectives to the participants and explained the technological and legal issues associated with the new approach to settlement based on DLT technology.
The CSDonDLT model is being implemented as an additional, complementary layer of the depository and settlement system based on blockchain. At this stage, the solution under development focuses on the settlement of OTC transactions, covering the safe-keeping and free transfer of securities, as well as atomic settlement of transactions within the DLT layer.
The complementarity, and thus full interoperability, of both layers of the depository and settlement system will enable seamless transfers of securities from the traditional layer to DLT and vice versa, without the need to create dedicated transition strategies as is the case with separate and closed silo systems.
The companies of the KDPW Group have for many years been investing heavily in the development of services based on technological solutions, supporting the digitisation of the financial market and the Polish economy. The CSDonDLT project addresses the technological challenges facing post-trade infrastructure. It builds on KDPW’s existing experience and observations regarding the potential and benefits of using blockchain technology as a complement and functional extension of traditional capital market infrastructure.
KDPW has presented to market participants the key objectives of the project and the cooperation models relating to the development of the CSDonDLT system, whose selected features will be made available for external testing in the near future.
Opening the meeting, KDPW CEO Maciej Trybuchowski said that KDPW has for several years been using solutions based on blockchain, including its service supporting general meetings. Mr Trybuchowski pointed out that most European CSDs are currently working on projects which deploy blockchain to streamline the settlement of transactions and the maintenance of financial instrument registers. “If the Polish capital market wants to be competitive and relevant internationally, it must follow trends and adapt to changing conditions and new technological solutions,” said Mr Trybuchowski.
Marcin Truchanowicz, Member of the KDPW Management Board, stressed that KDPW is constantly enhancing its capabilities, particularly in areas related to the use of new technologies to improve the efficiency and security of services provided by the KDPW Group which support the development of the entire capital market.
Rafał Wawrzyniak, KDPW CTO and Managing Director for IT, and Michał Krystkiewicz, Head of the KDPW Innovation Team, presented the project’s objectives to the participants and explained the technological and legal issues associated with the new approach to settlement based on DLT technology.
The CSDonDLT model is being implemented as an additional, complementary layer of the depository and settlement system based on blockchain. At this stage, the solution under development focuses on the settlement of OTC transactions, covering the safe-keeping and free transfer of securities, as well as atomic settlement of transactions within the DLT layer.
The complementarity, and thus full interoperability, of both layers of the depository and settlement system will enable seamless transfers of securities from the traditional layer to DLT and vice versa, without the need to create dedicated transition strategies as is the case with separate and closed silo systems.
The companies of the KDPW Group have for many years been investing heavily in the development of services based on technological solutions, supporting the digitisation of the financial market and the Polish economy. The CSDonDLT project addresses the technological challenges facing post-trade infrastructure. It builds on KDPW’s existing experience and observations regarding the potential and benefits of using blockchain technology as a complement and functional extension of traditional capital market infrastructure.
