Russia's NSD will launch a distributed digital repository to track the ownership of several encrypted assets

On May 22, the Russian National Settlement Depository Corporation Moscow Exchange National Settlement Depository (NSD) will launch D3 (Distributed Digital Repository) in June to track the ownership of several encrypted assets and select Switzerland as the merger D3. Jurisdiction. The project has been under construction since 2017, and Artem Duvanov, director of innovation and director of NSD, said that Switzerland was chosen because of its friendly regulatory environment and potential to make a market in digital assets. In addition, it also revealed that the next step will be to add a reputable stable currency to D3 to achieve over-the-counter (OTC) encrypted transactions, no counterparty risk and delivery and payment securities transactions, which means that both parties to the transaction are completed at the same time.