Russian, Chinese Central Securities Depositories Partner on Blockchain
The central securities depositories (CSDs) in Russia and China have signed a memorandum of understanding that sets the stage for the two institutions to begin partnering on post-trade blockchain applications. Announced today, the deal will see Russia’s National Settlement Depository (NSD) and China’s Securities Depository and Clearing Corporation Limited (CSDC) "exchange experience and information” on a range of issues, according to an announcement from NSD. The two institutions will also collaborate on experimenting with fintech, which will include trials involving blockchain.....
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A memorandum of understanding signed today sees Russia’s National Settlement Depository (NSD) and the China Securities Depository and Clearing Corporation Limited (CDSC) – both their respective countries’ central securities depositories – partner to develop blockchain applications in the post-trade space. The partnership was announced today by the NSD, which has also engaged in a similar endeavor to develop blockchain solutions with the central securities depository of South Africa, in September this year. At the time, chairman of the NSD executive board Eddie Astanin was bullish on seeing....
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A blockchain-based over-the-counter (OTC) equity system has been planned for a launch by a former securities industry CFO in January 2016. The former CFO, Chris Horlacher will work with a team of blockchain software developers to roll out their first product, Equibit which promises to deliver the same benefits of decentralized transaction processing first introduced by the disruptive digital currency Bitcoin. In a recent media release, Chris, Managing Partner at the company said, "Equibit lays the foundation of a whole new securities market. It allows investors and issuers to come together....
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