The National Settlement Depository (NSD) of Russia is all set to launch a security token blockchain. The NSD plans to reveal the digital asset ledger next month miles away from the Moscow headquarters. The Moscow Exchange Group subordinate elected Switzerland to be the authority to integrate D3ledger (Decentralized Digital Depository).

The director and head of innovation (NSD), Artem Duvanov kept his reason behind choosing Switzerland as the jurisdiction. He says that it has a compatible regulatory environment and the ability to develop the market in digital assets. In the matter of legislation, it permits securities to at least some kind of tokenization.

The D3ledger at launch in June will trail the possession of several assets. The security token blockchain will show unregistered shares in a small healthcare firm; Sora, a Japan-based cryptocurrency and bitcoin and ether, along with any ERC-20 token that is valid on the ethereum blockchain. However, in the case of bitcoin and ether, the shares will be the depository notes. It will be similar to the way depository receipts for alien companies stocks are commerce on the U.S. exchanges.

Duvanov says that the thought behind D3ledger emerged from both slow public and fast private networks. His next plan is to connect a reputable stable coin to the D3ledger to enable OTC crypto exchanges. It will lessen the risk of the counterparty.