Russian National Settlement Depository Blockchain Project Nominated for Futures & Options World Awards

Russia’s National Settlement Depository (NSD) blockchain-based project for e-voting (E-proxy Voting) has been nominated for Futures & Options World (FOW) International Awards in the ‘Best New Technology Product’ Category.

Along with the NSD, the short list of nominees in the category also includes projects by Nasdaq, Symbiont and SETL.

The winners will be announced in London at a gala on December 7.

The NSD is a Russian non-bank financial institution, central securities depository, and professional securities market participant engaged in depository business. Member of the Moscow Exchange Group. it provides depository, settlement (bank account), and related services to financial market players. Headquartered in Moscow, the NSD is the largest securities depository in Russia by market value of equity and debt securities held in custody.

The NSD became one of the world’s first financial institutions to create a blockchain-based service prototype. The e-proxy voting system has been successfully tested for bond holders meetings earlier this year. The product was based on NXT, a distributed cryptographic platform, and used international standard of ISO 20022 for messaging.

Earlier, British publication Banking Technology has nominated Eddy Astanin, the NSD chairman of board, for Banking Technology Awards 2016. He was nominated in the personal nomination of Tech Leadership Award, which is receivable by the industry’s actors who contribute the most in its development.

FOW International Awards is an annual award organized by one of the world’s most respected financial publications, Futures & Options World. The purpose of the award is to name the best and the most innovative practices on the global market of derivatives in all sectors, from interdealer brokerage to software solutions.

The nominees list this year included the world’s leading financial institutions, including London Stock Exchange, CME Group, Euronext, Bloomberg, Deutsche Börse, Citi, JP Morgan, Bank of America Merrill Lynch, and DTCC, among others.