DWAC Transfer / DWAC FAST
VStock Transfer provides DTC-authorized DWAC and FAST services that allow securities to be deposited, withdrawn, and transferred electronically between brokerage accounts and the issuer’s transfer agent without the use of physical stock certificates. This service is designed for public companies, issuers preparing for exchange listings, brokers, and shareholders who require fast, reliable movement of shares. DWAC enables the electronic movement of shares between broker-dealers and the transfer agent, eliminating physical certificate issuance and significantly reducing courier and replacement costs. By shortening deposit timelines from weeks to hours, DWAC enhances transaction speed and efficiency for secondary trading, PIPE transactions, and capital raises. As a DTC-authorized FAST transfer agent, VStock ensures secure, compliant, and efficient processing that meets DTC, broker, and exchange requirements.
What is DWAC Transfer / DWAC FAST?
DWAC (Deposit/Withdrawal at Custodian) is a DTC-created process that allows brokers and custodial banks to electronically instruct deposits and withdrawals of shares directly through a FAST transfer agent. The FAST system eliminates the movement of physical securities registered in the name of DTC’s nominee, Cede & Co.
When is DWAC Transfer / DWAC FAST required?
DWAC is required when shares must be moved electronically between a brokerage account and the issuer’s transfer agent, including deposits, withdrawals, secondary trading activity, PIPE transactions, and capital raises.
How VStock handles DWAC Transfer / DWAC FAST efficiently
VStock processes DWAC and FAST transactions electronically through DTC, reducing settlement time, minimizing errors, and eliminating unnecessary costs associated with physical certificates.