Russians may be allowed to trade digital financial assets through

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Russian investors will be able to buy digital financial assets (DFA) through brokers. We are talking about digitized traditional instruments: bonds, tokens for precious metals and rights to third-party debts.

Such assets are already issued, for example, by Norilsk Nickel and Sber. Brokers are ready to provide clients with access to such transactions through their systems when the Central Bank defines clear criteria for digital assets permitted for purchase by non-qualified investors, representatives of the companies told Izvestia. In addition, digital financial assets may begin to circulate in the existing financial infrastructure of the Moscow Exchange, the market admitted.

Easy access

brokerage applications costa rica cell phone number list and websites. Companies are ready to provide investors with access to such operations after systems are finalized and regulators give permission. VTB, Gazprombank, Finam, PSB and Alfa Capital told Izvestia about this.

Thus, investors will be able to buy traditional financial instruments in the form of digital rights, such as bonds, tokens for precious metals and stones, as well as third-party debt, including those secured by a mortgage.

Earlier, the Central Bank proposed in its report to allow the issuance of such assets and provide Russians with access to trading digital financial assets through brokerage applications and websites. Citizens may also be allowed to invest in foreign digital assets that meet certain criteria, and even provide owners of long-term digital financial assets with tax benefits similar to individual investment accounts. The regulator will discuss these initiatives with federal agencies and market participants.

DFAs are digital rights recorded as program code in a distributed registry. They do not include cryptocurrencies or central bank digital currencies. According to Russian law, they also cannot act as a means of payment. Their main advantages are the ability to "divide" the value of a security into several tokens, make programmable transactions, and attract additional capital by offering assets with limited liquidity, such as tokenized claims on loans, the Central Bank noted.