Citi Securities Services Evolution 2025

Securities Services Evolution 2025 | 3 How and where is our industry transforming in 2025? Since 2021, Citi Investor Services has been providing a unique, global perspective on how and where the post-trade industry is evolving. Our extensive market network gives us a unique perspective on the core trends and decisions that are shaping securities settlements around the world every day. Through this report, our aim is to showcase that perspective, giving you practical context and insights on the myriad of global market developments driving our industry forward, so that we can be a core foundation to your post-trade plans for the year ahead. This year’s whitepaper draws on an ever-growing range of perspectives from the industry’s leaders, who have kindly shared their insights with us in the last two months. 537 of these leaders (across the global buy and sell sides) have generously contributed to our industry survey this year, our largest participation to date. Senior managers frommore than a dozen market infrastructures and industry bodies have also provided their own views on the trends that are driving unprecedented levels of change in their businesses and across the industry. From settlement acceleration to digital assets and platform transformation, their firsthand experience is invaluable in shaping a common view of post-trade in 2025. We are extremely grateful to all of these experts for their support in making this report a true representation of the global industry’s priorities, spanning both market infrastructures and their participants. As priorities continue to sharpen around the world, this whitepaper leverages five years of data insights to provide a unique view on how core industry initiatives are evolving over time. What trends are people prioritizing around the world – and what is not getting attention? What does the cumulative T+1 workload look like today? Where is DLT actually transforming daily trading and based on what business benefits? And where is Generative Artificial Intelligence starting to take hold as a core operating technology? This year we continue to expand our coverage of what these trends mean in your own region, providing not only local context but also a clear view of what lies ahead on the horizon. We are here to help you turn these perspectives into action. Leveraging our global custody and cash platform, we are excited to be working with you to strengthen our partnership and to deliver more business value than ever. We look forward to discussing these insights with you. Foreword Chris Cox Head of Investor Services, Citi