National Settlement Depository to launch security tokens platform

The National Settlement Depository (NSD), part of the Moscow Exchange Group, will launch the Decentralized Digital Depository (D3) project, according to CoinDesk, referring to the statement of NSD’s Innovation Director Artem Duvanov.

According to him, the project will be launched in June in Switzerland. Initially, D3 will allow you to track ownership of several security assets tokens that represent unregistered shares in a small health care company Sora cryptocurrency developed by Bitcoin, ether and ERC20 tokens by the Japanese company Soramitu.

The registration will not be made of the asset itself, but of the depositary notification in the case of cryptocurrencies on the D3 platform. Bitcoins or esters will be frozen in the main blockchain using smart contracts with multi-signature and the corresponding tokens will be released on the D3 network.

D3 intends to implement support for one of the stable ccoin (possibly Gemini Dollar) in the future, which will allow OTC transactions with cryptocurrencies and securities.

Earlier it became known about the desire of NSD and other global central depositories to explore the possibilities of storing digital assets based on a single infrastructure.

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