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.
, 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.
According to NSD executive board chairman Eddie Astanin, the cooperation on fintech and blockchain is one of the primary aspects of the deal.
Astanin said in a statement:
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