Chile’s Financial Market Commission (CMF) hosted undergraduate and graduate students who won the 2025 Capital Joven Contest, an initiative run with ICARE under the CMF’s Market Development Agenda to recognize ideas and projects aimed at improving Chile’s capital market system. Acting CMF Chairman Augusto Iglesias and Commissioner Beltrán de Ramón joined ICARE Director Renzo Corona as the winning students presented their proposals. The first-place project focused on digital incentives to increase voluntary pension savings among young workers, with second place proposing consumption-linked approaches to pension saving; third place was shared between proposals on developing a secondary market for tokenized invoices and on addressing access gaps in savings and credit cooperatives framed as a potential source of systemic risk. During the meeting, CMF officials highlighted the role of participatory initiatives and financial education in market development and noted that the CMF’s Policy Document on Capital Market Modernization is expected to be published in the first half of 2026.

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