Russia’s National Settlement Depository (NSD) has partnered with Waves Platform in order to develop a blockchain platform to create a safe and user-friendly accounting infrastructure for digital assets.
The newly launched platform structure will host and store tokenised and crypto assets; settle transactions; and provide identification for owners of cryptocurrency wallets.
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The platform is under development and the first prototype will be presented during first half of 2018.
NSD chairman of the executive board Eddie Astanin said: “The crypto-asset market is rapidly growing and rightfully attracting enormous attention from traditional institutional investors, post-trade infrastructure and financial regulators around the world. In partnering with Waves, our goal is to create a secure and user-friendly accounting infrastructure for digital assets.
“We consider the platform would not only provide technological and legal protection of all parties involved, but also extend variety of post-trade services for investors, custodians and new institutions emerging in this sector of economy. It is also important to synchronize our efforts with the work of regulators in this field.”
