Tata Consultancy Services (TCS) announced the expansion of its long-standing partnership with Euroclear Group to drive the next phase of transformation for Sweden's Central Securities Depository (CSD).

As part of this initiative, Euroclear Sweden will deploy TCS BaNCS™ for Market Infrastructure and Quartz™, TCS' advanced digital solutions, to build a resilient, future-ready, and scalable CSD platform aligned to evolving European market standards.

TCS BaNCS for Market Infrastructure will enable Euroclear to meet the evolving needs of financial market infrastructure institutions, supporting end-to-end operations across asset classes, including core registry, depository services, cross-border settlement, and asset servicing. Complementing this, TCS' Quartz will leverage distributed ledger technology and AI to support tokenized assets, decentralized settlements, and real-time, actionable insights.

Together, these solutions will help Euroclear to implement its Nordic transformation strategy, aimed at driving standardization and growth through the deployment of a modern, cloud-ready, and scalable CSD platform across Sweden and Finland. The unified platform will enable continued compliance with European standards, enhance straight through processing. The implementation of a unified platform will be achieved through a phased IT transition, including the migration of the Swedish market to the European Central Bank's TARGET2-Securities (T2S) platform for secure and efficient pan-European settlement.