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Blockchain platform to serve digital assets may appear in Russia

The prospective platform is expected to evolve into a set of services and “bridge” to bring together digital assets and payment systems working with fiat (conventional) currencies

Aug 04, 2017
National Settlement Depository (NSD), part of the Moscow Exchange Group, announced plans to put together a blockchain platform to comprehensively serve digital (tokenized and cryptocurrency-based) assets, Firrma reported.

The project calls for the development of a platform that would enable registry and settlements of digital assets (based on token ownership certificates), as well as storage of private cryptocurrency keys and identification of cryptocurrency owners. The project owner is also considering launching a service to evaluate digital assets based on market data from the world’s largest cryptocurrency exchanges.

The prospective platform is expected to evolve into a set of services and "bridge" to bring together digital assets and payment systems working with fiat (conventional) currencies.

The project cost is estimated to be around $200,000. NSD is hoping to kick-start the effort no later than next year.