Russia's National Settlement Depository (NSD), which is part of the Moscow Exchange Group, will launch the Decentralized Digital Depository (D3) next month, states NSD's Innovation Director Artyom Duvanov.
Duvanov claims the project will be launched in June in Switzerland. Initially, D3 will allow tracking ownership of several assets, including security tokens representing unregistered shares in a small health care company; Sora cryptocurrency, developed by the Japanese company Soramitu; bitcoin (BTC), ether (ETH) and ERC-20-based tokens.
As it states, bitcoins or ethers will be frozen in the main blockchain via smart contracts with a multi-signature, and the corresponding tokens will be released on the D3 network.
In the future, D3 intends to implement support for stablecoin, which will allow OTC transactions with cryptocurrencies and securities.
Earlier Russian Prime Minister Dmitry Medvedev at Plenary Session during the St. Petersburg International Legal Forum said that regulation of cryptocurrency was no longer relevant since "the popularity of crypto has decreased."
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