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.
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.”