Meta-X Markets Goes Live With Percival’s DEPEND Post-Trade Platform

Meta-X Markets Goes Live With Percival's DEPEND Post-Trade Platform

Percival Software Posted

Percival is pleased to announce that Meta-X Markets, a licensed Armenian investment company, has successfully gone live with the Percival's DEPEND post-trade platform, becoming the first non-CSD custodian to implement the solution. The implementation marks a significant milestone in the Meta-X Markets' strategy to build one of the region's most advanced investment and custody infrastructures.

This achievement reflects Percival's continued expansion of its client portfolio and its strategic entry into the custody market. Building on its strong track record in Central Securities Depository (CSD) solutions, Percival is extending the capabilities of DEPEND to meet the evolving needs of custodians, demonstrating the platform's versatility across the broader post-trade ecosystem.

As a provider of brokerage, custody, wealth management, and investment services with access to the world's leading financial markets, Meta-X Markets continues to invest in institutional-grade technology that enhances operational resilience, automation, scalability, and client service. The implementation of DEPEND establishes a modern foundation for the company's post-trade operations, enabling efficient settlement processing, comprehensive custody services, asset servicing, and automated operational workflows. The platform provides Meta-X Markets with the flexibility to rapidly introduce new products and services while maintaining the highest standards of operational control, security, and regulatory compliance.

This engagement represents an important evolution for Percival's DEPEND platform, demonstrating its flexibility beyond traditional Central Securities Depository (CSD) environments.

As part of the implementation, Percival also deployed and configured its HUBBLE messaging layer to seamlessly integrate DEPEND with Meta-X Markets' internal systems as well as external counterparties and service providers. HUBBLE enables connectivity based on international messaging standards, with its ability to handle ISO 15022 and ISO 20022, allowing it to support legacy and future market developments.

The platform's modular architecture ensures that Meta-X Markets can continue to evolve its services in response to market demands, reducing time-to-market for new offerings while maintaining robust operational control.

The project was delivered through close collaboration between Percival and Meta-X Markets, including comprehensive testing, configuration, and onboarding processes to ensure a smooth transition into production. This successful go-live represents a major milestone in Meta-X Markets' long-term strategy to establish a world-class investment infrastructure. By combining advanced post-trade technology with international connectivity and modern operational processes, Meta-X Markets continues to strengthen its position as one of Armenia's leading investment companies and a trusted partner for institutional and private investors seeking access to Armenian and global financial markets.

This successful go-live establishes a new benchmark for custodial implementations of DEPEND and reinforces Percival's commitment to delivering adaptable, future-proof solutions across the post-trade ecosystem. As Percival continues to broaden its reach across the financial infrastructure landscape, this implementation marks an important step in supporting a wider range of market participants with modern, scalable post-trade technology.