By Raphaël MORENON
12 June 2025
The pledge of financial securities is an essential guarantee for many financing transactions. Traditionally recorded in a securities account, it is undergoing a major evolution with the emergence of blockchain technology. This innovation, recognised in French law under the name Dispositif d'Enregistrement Électronique Partagée (DEEP), opens up new prospects for companies and investors. Understanding this mechanism has become essential for anyone wishing to use modern financial assets as collateral. This article explains how the DEEP works and the issues involved, and complements our comprehensive guide to securities account pledging. Understanding the shared electronic recording device (deep) DEEP is the official acronym for a register based on blockchain technology and applied to the representation and transmission of financial securities. It represents a paradigm shift away from the traditional securities account managed by a centralised intermediary. DEEP is based on...
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