PostTrade 360° 2025 in Stockholm was full of Euroclear-featured sessions, undoubtedly highlighted by Hanna Vainio, CEO of Euroclear Nordics, who unveiled a bold and transformative strategy for post-trade infrastructure across Sweden and Finland.
Hanna Vainio’s keynote emphasised Euroclear’s commitment to becoming the preferred Central Securities Depository (CSD) in the Nordics - modern, resilient and client-centric.
Key takeaways from Hanna Vainio’ speech
- Strategic migration to T2S: Euroclear Sweden will join the ECB’s Target2-Securities (T2S) platform by Q2 2030, aligning with Riksbanken’s T2 project and bypassing interim local solutions to reduce risk, costs and accelerate delivery. A Letter of Intent has already been submitted to the ECB, with final migration plans expected in 2026.
- Leveraging Finnish success: The Finnish market’s successful T2S migration in 2023 - Europe’s largest to date - serves as the blueprint. The Nordic transformation will build on this experience, using a shared, scalable and T2S-compliant platform already in production
- Agile delivery model: Euroclear plans several client facing platforms before 2030, ensuring a phased rollout of features like T+1 and harmonised messaging standards.
- Supporting the SIU vision: The strategy aligns with the European Savings and Investments Union (SIU), aiming to deepen EU capital markets and enhance competitiveness. Euroclear’s Nordic model - marked by high retail participation and direct investor holdings - is positioned as a benchmark for Europe.
- Empowering issuers and investors: Euroclear Sweden’s direct holding model and value-added services foster transparency and long-term investment. The reopening of 11 CSD links for dual listings further expands opportunities for issuers and investors.
- Collaborative transformation: The initiative is a joint effort with partners like Nasdaq, UC, regulators and clients. It reflects Euroclear’s ethos of 'winning together' and its role as a trusted FMI committed to clarity, preparedness and innovation.
Euroclear’s Nordic strategy is more than a technical upgrade - it’s a strategic leap toward harmonisation, scale and shared purpose. By uniting Sweden and Finland under a common infrastructure, Euroclear is developing a strong Nordic offering and shaping the future of capital markets in the region and reinforcing Europe’s financial resilience.
