NSD and Waves: Blockchain platform of post-trading service of digital assets

The blockchain platform of post-trading service of digital assets is designed to provide a possibility of accounting and storage of the tokenized and cryptocurrency assets, implementation of calculations for them and also identifications of owners of cryptocurrency wallets.

2017: Announcement

On August 11 the National Settlement Depositary (NSD) and Waves company announced the beginning of joint work over creation of a blockchain platform of post-trading service of digital assets.

It is going to prepare the first prototype of a system in the first half of 2018, the possibility of start of service will depend on existence of a regulatory framework.

The joint work purpose — to show the technological solution on convenient and safe accounting of cryptoassets which at the same time would satisfy to needs of quickly growing sector of digital economy and perspective requirements of finance regulators.

Rapid market development of cryptoassets attracts the huge interest of traditional institutional investors, post-trading infrastructure and regulators worldwide. Our purpose in partnership with Waves Platform — to develop technology convenient and safe accounting infrastructure of digital assets. We understand that the platform which we intend to create should provide not only technology, but also legal protection of all parties involved in the address of new tools, providing a necessary complex of post-trading services to investors, custodians and new institutes of this sector of digital economy. From this point of view synchronization of our efforts with operation of regulators in the field is represented crucial — Eddie Astanin, the chairman of the board of National settlement depositary told about the purpose of joint development.

Work with new types of financial instruments will be interesting to a wide range of players, including banks, the pension funds and investors. Interaction with NSD is important for us in respect of existence of all necessary tools allowing to provide the high level of reliability, technological effectiveness and protection against risks. Examination of NSD as systemically significant infrastructure will allow us to create jointly the product capable to satisfy a broad spectrum of needs of players of the market on accounting of cryptocurrencies — Alexander Ivanov, the founder and the CEO of the Waves blockchain platform is convinced.