Capgemini has revealed a partnership with Belgium-based financial services company Euroclear to help the latter launch Digital Financial Market Infrastructure (D-FMI).

According to Capgemini, the partnership has introduced the Digital Securities Issuance (D-SI) service, which is said to be the first major milestone of Euroclear’s D-FMI strategy.

The service allows the issuance, distribution, and settlement of fully digital international securities, Digitally Native Notes (DNN), on distributed ledger technology (DLT).

Capgemini served as the main system integrator on the D-FMI programme by offering an extensive range of services. These include consultation, design, implementation, and testing.

The French IT company was also engaged in the overall integration and orchestration of the new D-FMI platform within the existing systems and infrastructure of Euroclear.

Capgemini continental Europe financial services head Pierre-Olivier Bouée said: “We are proud to partner with Euroclear to revolutionise the traditional financial market infrastructure through the D-FMI program.

“This launch is an important milestone in our long-standing partnership with Euroclear to bridge the gap between decentralised and regulated finance.

“Our efforts illustrate a commitment to transform the conventional digital asset value chain into an open and shared platform powered by distributed ledger technologies and new operating models.”

The D-FMI programme is a significant part of Euroclear’s overall strategy to advance digital infrastructure across financial markets, said Capgemini.

Besides, the launch of Euroclear’s D-SI service is expected to underpin the expansion of innovative capabilities in the post trade domain.

Euroclear chief digital officer Antonio Queiroz said: “Our D-FMI strategy stands as one of the key pillars of our group strategy which starts from our purpose to bring safety, efficiency, and connections to financial markets for sustainable growth.

“With this launch, we laid the foundation to successfully create a robust and secure platform that will streamline processes, increase transparency, and provide real-time access to critical financial data.” 

Earlier this month, Capgemini was selected by Bpifrance to develop the next generation digital factory of the French public sector investment bank.