Russia’s National Settlement Depository (NSD) is planning to launch its digital asset ledger next month, 5,000 kilometers away from the institution’s Moscow headquarters, as reported by CoinDesk.
As per the publishing, the Moscow Exchange Group subsidiary opted for Switzerland to incorporate D3ledger (Decentralized Digital Depository), a project that’s been in the works since 2017. The head of innovation and a director at NSD, Artem Duvanov stated the reason behind choosing Switzerland is the city’s congenial regulatory environment and potential for market-making in digital assets.
Duvanov told the publishing: “In terms of laws, [Switzerland] allows the tokenization of at least some kind of securities. That’s the first thing. And it’s favourable for such things because there is market demand.”