NSD and MTS Complete the Commercial Bond Transaction Based on Blockchain

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NSD and MTS Complete the Commercial Bond Transaction Based on Blockchain

  • Russian telco and digital service provider MTS placed the bonds using smart contracts making the first transaction
  • The case of the full life cycle of a security in the form of a set of smart contracts has successfully implemented
  • Commercial bonds are debt instruments which are unsecured and are sold on the OTC market via private placement
  • Preparation implemented a full Delivery versus Payment (DVP) settlement model based on blockchain, allowing it to simultaneously transfer securities and funds
  • The National Settlement Depository (NSD) provided its proprietary blockchain platform based on Hyperledger Fabric 1.1