• Thu, 20 Jun 2019, 09:39 AM
  • All times are UTC
  • Edition:
    International
Copy link
Increase text size
Decrease text size
Link copied

Russia's NSD to roll out security token blockchain in June

YouTube

Fri, 24 May 2019, 03:12 am UTC

The Russian National Settlement Depository (NSD), a subsidiary of the Moscow Exchange Group, is eyeing to launch its own digital asset ledger in June, CoinDesk reported.

NSD will incorporate its long-awaited D3ledger (Decentralized Digital Depository) in Switzerland, thanks to the country’s amiable regulations and digital asset market-making capabilities.

In terms of laws, [Switzerland] allows the tokenization of at least some kind of securities. That’s the first thing. And it’s favorable for such things because there is market demand,” Artem Duvanov, NSD Head of Innovation and Director, told CoinDesk.

Initially, the D3ledger will track ownership of several assets: a security token that represents unregistered shares in a small healthcare company; sora, a cryptocurrency developed by Japan’s Soramitu; and Bitcoin, Ethereum, and any ERC-20 tokens running on the Ethereum blockchain.

In the case of the cryptocurrencies, they will be frozen on the public blockchain via smart contracts with multi-signature. The corresponding rights to the tokens will be issued on the D3ledger network, which was built using Hyperledger Iroha.

This method of holding them is distributed so there is no custody risk like if you store your bitcoins on an exchange,” Duvanov explained.

In the future, the D3ledger will add support for stablecoins, such as Gemini coin or dollar- and euro-backed coins, which will allow over-the-counter (OTC) crypto transactions.

The NSD first revealed the blockchain-based depository platform in 2017, saying it was designed to protect crypto assets and turn conventional financial market infrastructures into compliant custodians of cryptocurrencies and tokens.

<Copyright © TokenPost. All Rights Reserved. >

To leave a comment, please sign in.
More
  • Bitcoin (BTC) $9,256.93 (+1.15%)
  • Ethereum (ETH) $267.87 (-0.31%)
  • XRP (XRP) $0.428800 (-1.21%)
  • Litecoin (LTC) $134.96 (-1.95%)
  • Bitcoin Cash (BCH) $409.44 (-1.81%)
  • Bitcoin (BTC) $9,256.93 (+1.15%)
Jun 20, 2019 (Thursday)
08:39
Blockchain firm Algorand's token sale raises $60M within four hours
07:33
Brazil seeks to curb tax fraud, publishes new rules for cryptocurrency exchanges
06:49
Open banking platform Token secures $16.5M strategic investment to transform payment industry
06:40
U.S. Senate schedules July hearing for Facebook's Libra crypto
06:36
Major JSTA-Securitize partnership aimed at boosting Japanese digital securities adoption
06:22
HSBC-Dubai blockchain partnership to shake up the retail industry
05:51
Blockchain dominates Singapore skills market in new LinkedIn report
05:28
New cryptocurrency auditing tool announced by PwC
05:06
Hard Core Fund secures 50 BTC to fund bitcoin developers
04:25
Cloudflare bets big on Ethereum, new gateway announced
03:59
Russia to soon approve cryptocurrency bill
03:45
Ethereum-powered video platform raises $8M in Series A funding led by Northzone
03:36
U.S.-based Monsoon Blockchain inks MOA with two Philippines government agencies DTI, DICT
03:32
India's TRAI may implement blockchain in mobile number portability
Jun 19, 2019 (Wednesday)
12:31
Block.one pays $30M for domain name of upcoming blockchain-based social media platform “Voice”
10:56
R3, ripe.io team up to enhance transparency and trust for food and agricultural supply chain using blockchain
09:42
Crypto Technicals: XMR/USD pares previous sessions' losses, close above $100 mark to propel further gains
09:32
Georgian government and universities team up with IOHK to explore blockchain potential
08:33
Crypto Technicals: ETH/EUR retraces with 'Hammer' formation, breakout at 50H SMA (240) to see further upside
07:32
Euroclear develops blockchain solution for commercial paper with Banco Santander, EY and European Investment Bank
Subscribe to the TokenPost newsletter!
Don't show me this again today.
Back to top
Copyright ⓒ TokenPost. All Rights Reserved.
PUBLISHsoft