National Settlement Depository (NSD) has operated emission and initial placement of the first blockchain-based commercial bonds on the Russian market.
NSD has joined forces with two majors to bring to life a decentralized ledger solution that will allow trading, placement and record keeping for bonds to be simple and transparent. Raiffeisenbank Russia became a blockchain bond issue pioneer, starting the initial placement and subsequently purchasing $10M worth of papers of MegaFon, one of the largest mobile network operators in CIS.
