The Federation of Euro-Asian Capital Markets
About Company
Central Depository of Armenia
2025 was a successful year for the CDA, marked by significant progress in international integration and the enhancement of service quality. I would like to highlight our cooperation with the The Central Securities Depository of Poland, which focused on two key areas: capital markets integration and the provision of LEI (Legal Entity Identifier) codes for identifying legal entities. Through this partnership, we obtained agent status for providing LEI codes, allowing us to continue serving local legal entities.
Earlier in 2025, we implemented several initiatives that position us as a regional hub. We connected to the Abu Dhabi Capital Market and its Tabadul platform, which enables us to integrate with all markets that will join that platform. In parallel, we introduced the mechanism of remote membership in the Armenian market.
Another significant milestone was obtaining client status in Euroclear Bank, which reaffirmed that our regulatory framework, risk-mitigation policies, technological capabilities, and operational processes align with high international standards. The next step is opening mutual accounts. In the near future, we plan to open an account with Euroclear Bank, giving Armenian investors expanded access to global markets. It is particularly noteworthy that Euroclear Bank’s access is currently closed for our region. In our case, the presence of a European shareholder – Warsaw Stock Exchange (GPW), which is also AMX shareholder, – played a decisive role. This partnership will also enhance the overall quality of our services by incorporating the expertise and standards of a major international institution.
It is worth to mention that we’ve recorded also the interest from international investors who wish to access other regional markets through us, for example, the market of Uzbekistan. To meet this demand, we must strengthen not only our links with global markets and international central securities depositories, but also our cooperation with regional depositories as part of the broader market infrastructure.
We will continue to follow the path of institutional development that defines our role as a market infrastructure. This includes implementing global best practices, such as the creation of a central agent, which will help remove barriers and make the Armenian market more attractive to investors.
Year in review
Established: 02.12.2008
Address: 26/1 Vazgen Sargsyan str., 5th floor, Erebuni Plaza Business Centre, Yerevan 0010, Armenia
Contact Name: Elina Mirzoyan
Email: elina.mirzoyan@amx.am
Website: www.cda.am
- Joined FEAS in 2017-
Ani Makaryan
Chief Executive Officer