Share this article
CSDs to Collaborate in Distributed Ledger First
Two central securities depositories (CSDs) have agreed to collaborate on distributed ledger initiatives in a first-of-its-kind agreement globally.
By Pete Rizzo
Updated Sep 11, 2021, 12:31 p.m. Published Sep 27, 2016, 12:50 p.m.
Make us preferred on Google
Two central securities depositories (CSDs) have agreed to collaborate on distributed ledger initiatives in a first-of-its-kind agreement globally.
Announced today, Strate and the National Securities Depository (NSD), the CSDs of South Africa and Russia, respectively, have agreed to collaborate to develop new solutions with the technology, starting first by focusing on extending NSD's past explorations into proxy voting.
STORY CONTINUES BELOW
Don't miss another story.Subscribe to the Crypto Daybook Americas Newsletter today. See all newsletters
As part of the agreement, Strate and NSD say they will share information related to the standardization and regulation of blockchain and distributed ledgers.
In statements, Eddie Astanin, chairman of the NSD’s executive board, spoke broadly about how he believes distributed ledgers could come to impact securities settlement and custody.
Astanin said:
"I think that post-trading may become the starting point of transition of the distributed ledger technology and blockchain from theory to practice."
The statements follow an April announcement from the NSD that it would trial a blockchain prototype for proxy voting, a move that positioned it as one of the more progressive firms globally on the tech.
Other initiatives have so far been announced by the DTCC in the US and the Korea Securities Depository in South Korea.
Desktop computers via Shutterstock
More For You
Pudgy Penguins is building a multi-vertical consumer IP platform — combining phygital products, games, NFTs and PENGU to monetize culture at scale.
What to know:
Pudgy Penguins is emerging as one of the strongest NFT-native brands of this cycle, shifting from speculative “digital luxury goods” into a multi-vertical consumer IP platform. Its strategy is to acquire users through mainstream channels first; toys, retail partnerships and viral media, then onboard them into Web3 through games, NFTs and the PENGU token.
The ecosystem now spans phygital products (> $13M retail sales and >1M units sold), games and experiences (Pudgy Party surpassed 500k downloads in two weeks), and a widely distributed token (airdropped to 6M+ wallets). While the market is currently pricing Pudgy at a premium relative to traditional IP peers, sustained success depends on execution across retail expansion, gaming adoption and deeper token utility.
More For You
As bitcoin miners cut unprofitable production, Hash Ribbon metric points to BTC price rebound
The hashrate shock from extreme weather in the U.S. revives a historically bullish onchain indicator.
What to know:
- A 20% drop in Bitcoin hashrate has pushed the Hash Ribbon deeper into capitulation.
- In the past, including the FTX collapse and mid-2024 yen carry trade unwind, that's signaled a strong price recovery once the hashrate reverts.
Top Stories
