As an investment firm, Mintos will soon be transitioning to offering investments in financial instruments – Notes. To comply with regulations and provide additional security for investors, Notes will have ISIN codes, provided by Nasdaq CSD SE, a regional central securities depository in the Baltics and Iceland, acting as the National Numbering Agency in Latvia, Estonia, Lithuania, and Iceland.
Mintos’ need for a bespoke automated service which is able to immediately attribute, assign, and allocate ISIN codes via an API solution was heard by Nasdaq CSD. The two companies joined forces to develop the API solution for automated International Securities Identification Numbers (ISIN codes) issuance. The new service is the first of its kind in the Baltic region, and among the first in Europe.
At its core, this cooperation transforms how ISIN codes will be requested and issued. Challenging the traditional process, together with Nasdaq CSD we have arrived at a fast, digital solution that is processing requests in seconds, thanks to engineering teams of both companies.
At Mintos, we are excited to work on projects that disrupt the traditional market of financial services, proving that the Baltics are trailblazing the financial industry in Europe. Collaboration with Nasdaq CSD is an example of how long-established, financial industry players and fintech companies can work together to seize the potential of the dynamic financial technology industry.
“This cooperation was essential for the upcoming Notes launch, and we’re happy that in Nasdaq CSD we found a partner willing to join us in the development of this solution. Inspired by Mintos, Nasdaq CSD met us with openness to further develop its services. This shows the maturity of Nasdaq CSD as a financial services leader and that it’s ready to further stake its place in the continually evolving financial markets.”
Nasdaq CSD is excited to offer a fully automated, 24/7 ISIN code assignment service, which will benefit customers by meeting their needs for smart, fully automated technological solutions.
“ Our goal is to constantly expand the range of innovative instruments and follow tech developments to ensure that customers and investors have access to safe, efficient, and world class post-trade products and services. We appreciate the efforts of Mintos team to initiate this collaboration and look forward to working with them to embrace and influence new ideas and development in the post-trade environment.”
To remind you, Notes will be launched on Mintos in the upcoming weeks.
About Nasdaq CSD
The Nasdaq CSD Group operates regional central securities depositories in the Baltics and Iceland, with business presence in Estonia, Iceland, Latvia and Lithuania. It provides post-trade infrastructure and a wide range of securities services for Baltic and Icelandic market participants. The CSD is a fundamental element in the financial markets, settling transactions in shares and other securities issued by companies and governments. Nasdaq CSD has over €50 bn under custody and services over 7 500 issuers in Iceland and the Baltics. Nasdaq CSD SE is licensed under the European CSDR and supervised by the respective regulatory institutions. The depository is powered by straight-through processing technology connected to the pan-European T2S platform. Nasdaq CSD is a part of the Nasdaq Group. Nasdaq, Inc., the ultimate parent, provides trade and post-trade services in more than 50 countries. To learn more, visit: nasdaqcsd.com.
