18 October 2017

NSD and iCoinSoft preview system for blockchain assets circulation

10 November 2016  |  3830 views  |  0 Source: National Settlement Depository

National Settlement Depository (NSD), Russia’s central securities depository, develops partnership with iCoinSoft Exchange Platform by icoinsoft.com as part of the HSE{Pro}Fintech program of the Higher School of Economics’ Business Incubator.

The project implements an idea of the technological infrastructure which increases the efficiency and convenience of the circulation of blockchain assets. NSD experts and the project’s team have prepared a boxed solution which supports any existing and developing assets, including more than 500 existing as of today. The iCoinSoft Exchange Platform reduces the time required to enter the market by a new platform to two weeks, and two clients have already proven it in practice.

The cooperation between NSD and iCoin Software began within the framework of HSE{Pro}Fintech, an intensive 3-month program for developing financial and blockchain projects. The program’s goal is to support competitive FinTech products.

The program was initiated by the Higher School of Economics (HSE) in 2016 in partnership with Yandex, Bank Saint Petersburg, QIWI, SMARTHUB, RVC, and NSD.
The jury selected 10 projects for the program. Creators were given the opportunity to use the experience of leading FinTech companies to upgrade their startups. Each partner of the project has acted as a mentor for one or several startups and has developed the projects for three months.

Artem Duvanov, Director of Innovations, NSD, said: “The HSE’s Business Incubator created a great site that helps beginners in the FinTech sphere utilize the experience and expertise of major players for the industrial implementation of their ideas. Supporting young FinTech teams is a strategic area of our work, and the iCoinSoft project that NSD chose to mentor has a chance to become a significant platform in the global market for technological solutions in the financial world.”

Igor Agamirzyan, Vice President, HSE, added: “Finances and managing them is the oldest information object in the history of humanity which gained its traditions and became conservative. New technologies are transforming the landscape of the financial world: business models, market leaders, and the roles and opportunities for regulators are changing. That is why the FinNet industrial market which focuses on decentralized financial systems and currencies has become one of the National Technological Initiative’s areas. The Higher School of Economics, as a young and modern university, is very interested in innovations, and the HSE Business Incubator’s focus on the Fintech sector is natural. We are happy that our project development initiative was supported by National Settlement Depository and other partners. And, of course, the iCoinSoft project has a great development outlook.”

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