The concept of digital asset has been introduced in the last decades, when the Internet is actively growing and developing. The digital asset is recorded in binary format in the memory of the digital device and have ownership. As a digital asset can be: documents, tokens, asset tokens, tokenized shares, digital bonds, cryptocurrencies.

The market of cryptocurrencies and other assets has been growing recently, more and more often there are projects to which blockchain technology is being introduced, which leads to active innovation, including the introduction of decentralized management for maximum protection. Many countries and large organizations have realized how innovative the technology was created with the advent of bitcoin. Now in the news reports often appear information that celebrities, large companies such as Facebook, Google, Telegram release their own cryptocurrency, and in some cases even launch their own blockchain. There is talk that all assets, stocks, corporate bonds, arbitrary from trades, government loan bonds are transferred to a digital format for the best protection and convenience of access to them. That is, the market of digital assets in the near future will be huge.

At the moment, there are a lot of constraints that inhibit the development of the digital asset market. Despite the huge capitalization of blockchain assets projected in the future, now they are almost never accepted even as payment, not that traditional financial institutions, such as banks. Therefore, people who own such assets are in dire need of an organization that could help them use them as a Deposit or collateral. Now, to use the digital asset, it must first be sold on the stock exchange and receive traditional Fiat funds, where to pay large interest or taxes. As a result, the opportunity to receive income from such an asset in the future is lost, as the owner is deprived of it. Among other things, there is no single repository for digital assets that could be used to provide Depository services by the relevant financial institution. As a result, the vast market is simply closed from the real sector of the economy. Of course, such organizations can create their own Depository of virtual assets for creditors, but they are unlikely to do it, because it is very expensive, time-consuming, inefficient, without the possibility of integration into their own storage for digital assets.

The Depository Network is a multiplatform infrastructure, which makes it possible to use digital asset credit financial institution for collateral. It is a whole decentralized system in which anyone who has certain units of digital assets that will be supported by the Deposit Network will be able to use them as collateral and take out a loan from a number of financial institutions. The collateral assets of each lender will be held in its own independent repository. During the whole crediting period creditor retains ownership of the asset.

In the Depository Network there is no need for intermediaries, including centralized public storage, such as Central banks. Instead, platfrom offers each participant to create their own separate Depositary platform for financial credit or banking organizations, which will have all the necessary certificates and licenses to conduct the relevant activities.

The Depository Network platform provides the highest level of security through the use of encrypted wallets with cryptographic protection to save assets and intelligent contracts to fulfill the obligations of each party and conduct reliable transactions. Each transaction is confirmed by the signature of the asset holder, who is the borrower. The keys to access the wallet are stored in a decentralized database of the Deposit Network for secure safety and to avoid breach of contract. In this case, if the volume of collateral is too large, the assets can be stored on several wallets with different signatures.

The economic structure of the Depository Network platform is based on the use of its own token DEPO of the ERC20 standard built on the Ethereum platform. It is used to pay a one-time installation fee and an annual platform usage fee for credit institutions and a Deposit storage fee for borrowers. That is, if the platform grows over time, the value of the DEPO token will grow accordingly. At the time of writing this article, the project is going through the ICO stage at the stage of preliminary sale. Details about the timing and availability of bonuses when buying can be obtained on the official website of the project.

Site: https://depository.network/

WhitePaper: https://depository.network/doc/whitepaper.pdf

Twitter: https://twitter.com/deponetwork

Facebook: https://www.facebook.com/depository.network/

Telegram: https://t.me/depositorynetwork

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