Altcoin News: NSD Launches BTC and ETH Security Tokens Platform in Switzerland

May 22, 2019, by Marko Vidrih on ALTCOIN MAGAZINE

The National Settlement Depository (NSD), which is part of the Moscow Exchange Group, will launch the D3 project (Decentralized Digital Depository) in June.

CoinDesk writes about the news with reference to the statement of the Director of Innovation at NSD, Artem Duvanov.

According to Duvanov, the launch of the project will be implemented in Switzerland, a jurisdiction characterized by favorable regulatory conditions and opportunities for market-making in the field of digital assets.

Initially, D3 will allow you to track ownership of several assets: security tokens representing unregistered shares in a small health care company; Cryptocurrency Sora, developed by Japanese technology company Soramitu; Bitcoin, Ethereum and ERC20 tokens.

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

In the future, D3 is planning to implement support for one of the trusted stablecoins, which will allow for over-the-counter transactions with cryptocurrencies and securities. As one of the options under consideration, Duvanov mentioned the Gemini Dollar.

Author: Marko Vidrih