Rewiring settlement: Valentin featured in Asset Servicing Times

Valentin Vincendon, Chief Product Officer at BCB Group, describes the LSEG’s Digital Securities Depository (DSD) as an integration layer rather than a wholesale replacement of existing systems.

He notes that the DSD is designed to allow asset managers to continue routing orders through their current custodians while the underlying settlement engine transitions toward a multi-chain environment, suggesting a controlled migration rather than a systemic shock.

While Vincendon argues that tokenisation represents a fundamental shift from static electronic ledgers to programmable ones, he cautions that legal ambiguity remains regarding the irrevocable moment of transfer on a distributed ledger.

Ultimately, he suggests that as servicing models become more event-driven, custodians may transition from traditional record-keepers to secure key managers and node operators

Read the full feature here