Euroclear has announced a plan to connect all 27 EU Member States through a single post-trade infrastructure spanning equities, fixed income, and fund assets. The project aims to deliver a seamless financial market in support of the EU’s Savings and Investments Union (SIU) and further position Europe as a global destination for issuers and investors.
The initiative focuses on simplifying market access and improving settlement efficiency by consolidating Euroclear Bank’s international operations with those of its six national central securities depositories (CSDs). The company said it will offer access to both commercial and central bank money across its entire network, enabling a unified system that supports all financial asset classes.
“Driving market openness, interconnectivity and maximising choice for users”
Euroclear said it plans to achieve full commercial bank money access to all 27 Member States by 2026. In parallel, it will accelerate Euroclear Bank’s connection to the European Central Bank’s Target2-Securities (T2S) platform to support settlement in central bank money.
Valérie Urbain, Euroclear’s CEO, commented, “The key to more liquid and effective capital markets in Europe is through driving market openness, interconnectivity, and maximising choice for users. Only under these conditions can European markets truly thrive and remain competitive at a global level. Today, we are committed to making Euroclear the single-entry point for all asset classes including funds, fixed income and equities across the 27 Member States.”
The company’s plan also includes additional investments in infrastructure to support a pan-European system for issuance, trading, and collateral management. Euroclear aims to simplify issuer access to deep pools of capital, improve servicing for both retail and institutional investors, and support the growing use of digital and distributed ledger technologies in financial markets.
Euroclear holds more than half of all securities issued in the EU and handles over 60 percent of the region’s settlement turnover. The new strategy intends to extend those capabilities by offering harmonized access and integrated services across national boundaries.
To facilitate the effort, Euroclear published a list of policy recommendations for EU regulators and market stakeholders. These include integration of financial market infrastructures, simplification of regulatory frameworks, open access standards, legal and supervisory alignment, and support for digital asset infrastructure.
The company said the plan reflects its long-standing role in the integration of European capital markets and its continued commitment to supporting financial stability, innovation, and investor access across the region.
