Russia’s National Settlement Depository (NSD), the country’s central securities depository, has developed partnership with iCoinSoft Exchange Platform for blockchain assets circulation.

The partnership has come as a part of HSE{Pro}Fintech program of the Higher School of Economics’ Business incubator. Beginning with the framework of HSE{Pro}Fintech, an intensive 3-month program for developing financial and blockchain projects, the cooperation aims to support competitive fintech products.

“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,” Artem Duvanov, Director of Innovations, NSD said.

The partnership project presents an idea of technological infrastructure that improves the efficiency and convenience of the circulation of blockchain assets. The partners have prepared a solution that supports any existing and developing assets.

“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,” Igor Agamirzyan, Vice President of HSE said.

The HSE{Pro}Fintech program was initiated by the Higher School of Economics (HSE) in 2016 in partnership with Yandex, Bank Saint Petersburg, QIWI, SMARTHUB, RVC, and NSD. Ten projects were selected by the jury and the creators were given the opportunity to use the experience of leading fintech companies in order to upgrade their startups. The partners of the project have acted as a crucial member for one or several startups and have developed the projects for three months.