National Settlement Depository (NSD), part of the Moscow Exchange Group, is working to put together in 2018 a blockchain platform to comprehensively serve digital (tokenized and cryptocurrency-based) assets. Plans to take on this ambitious project were first announced last summer.

The project calls for the development of a platform that would enable registry and settlements of digital assets (based on token ownership certificates), as well as storage of private cryptocurrency keys and identification of cryptocurrency owners. The project owner is also considering launching a service to evaluate digital assets based on market data from the world’s largest cryptocurrency exchanges.

The prospective platform is expected to evolve into a set of services and “bridge” to bring together digital assets and payment systems working with fiat (conventional) currencies.