Aurachain is the new technology partner for the Bucharest Stock Exchange (BVB) and the Central Securities Depository in Romania.
Two innovative solutions developed using the low-code Aurachain platform will be implemented to accelerate and optimize the shareholder voting process at exchange listed companies using blockchain technology, and to facilitate access to the capital market by digitizing investor enrollment.
The first solution is the digitization of the voting process in the Annual General Meetings (AGMs) and the Extraordinary General Meetings (EGMs).
The Intervote digital platform, developed on the Aurachain platform, automates safe voting mechanisms, and ensures through the use of blockchain the transparency and traceability compliance required by the current regulatory framework.
The solution will be available to all companies listed on BVB Regulated Market and the AeRO market, part of BVB’s Multilateral Trading System, to streamline the voting process.
The second solution is the digitization of the online process of opening trading accounts by individual investors, through a standardized service that the Central Securities Depository will provide as a new entry point for all new individual investors.
The technology solution developed on the Aurachain platform has the role of facilitating the investors access to the Romanian capital market in a completely automated and fully secure manner.
Actions such as registration, identity verification, facial recognition and Know Your Client (KYC) processes will be performed exclusively in a digital environment and will be automated.
Through the new partnership with Aurachain, BVB takes another important step towards the modernization and development of the Romanian capital market.