Case Study: National Settlement Depository achieves automated $10M bond issuance with Altoros

A Blockchain-Based Platform for Automating Bond Issuing Worth $10M

National Settlement Depository (NSD), the central securities depository of the Russian Federation and part of the Moscow Exchange Group, engaged Altoros to build a blockchain-powered prototype to automate bond issuance for a major mobile operator, linking NSD, MegaFon (issuer) and Raiffeisenbank Russia (investor). NSD needed a solution that automated bond placement and reconciliation, ensured transaction confidentiality and transparency, supported secure cross-datacenter operation, and complied with government regulations; Hyperledger Fabric was chosen as the blockchain platform.

Altoros implemented a Node.js–based REST API (open-sourced) to integrate web apps with Hyperledger Fabric, used Docker Compose to simplify resilient multi-datacenter deployment, and built a clustered backend to orchestrate smart contracts across channels for confidential transactions, plus integration with a third‑party compliance service. The solution was delivered in six weeks, enabled automated issuance of bonds worth $10M, ensured transaction confidentiality and secure cross-datacenter communication, reduced issuer expenses and fraud risk, and established a compliant platform for future securities—achievements credited to Altoros.

National Settlement Depository

Eddie Astanin

Chairman of Executive Board