The Waves Platform Partners with the NSD

The Waves Platform has been remarkably successful when it comes to making relevant partnerships in and outside of the blockchain realm. Most recently, Waves has announced a partnership with the National Settlement Depository (NSD), the central depository for the Moscow stock exchange.

The National Settlement Depository (NSD) provides depository, settlement (bank account), and related services to financial market players and is also the central securities depository (CSD) of the Russian Federation.

This partnership between the NSD and the Waves Platform will see through the “development of a potential digital blockchain platform”.The platform will provide a set of tools and services that will serve to connect fiat-based payment systems with digital assets, including cryptocurrencies and blockchain-based assets.

There are also plans to develop a platform that can keep records of digital assets and their settlements through the tokenization of these same assets, an idea that has been used in multiple open-blockchain projects. This platform will also be used to store cryptocurrency private keys and match them to the identity of the owners, acting both as a ledger for the aforementioned assets and for the identity of the clients. Lastly, this platform may also use market data from cryptocurrency exchanges which will be used to perform the valuation of digital assets.

According to Sasha Ivanov, CEO and founder of the Waves Platform, the project is not hard to implement from a technical point of view, given that open blockchain projects, like the Waves Platform itself, already have similar features. However, the lack of a clear regulatory framework can lead to complications in the future.

In the meantime, the Waves Platform continues to expand with the recent launch of the Ether Gateway. The Waves team has also grown in these past months, with a new Head of Product Design and a new CTO being appointed to the project. To learn more about the Waves Platform, visit the official website.