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Institutional trading over the blockchain made some progress this Friday. In an announcement posted on the Moscow Exchange website, Russia’s central securities depository, the National Settlement Despository (NSD), announced the completion of a commercial bond transaction between Sberbank and MTS – Russia’s largest mobile operator.
“NSD has already implemented a few successful cases based on blockchain, including the first IPO in the Bank of Russia’s regulatory sandbox, as well as the joint issuance of securities with the largest financial market players,” said Eddie Astanin, Chairman of the Executive Board, NSD. “We see that the technology is in demand. It ... (read more)