Today Atomyze, the digital assets platform for tokenizing commodities, announced its first transaction in Russia. The deal involved the fund GPEF Investments tokenizing palladium, which was bought by Rosbank, with Vector X as broker.
Digital Financial Assets (DFAs) legislation came into force in Russia at the start of 2021, allowing the use of distributed ledger technology (DLT) for tokenizing real world assets. However, each platform had to be individually vetted by the central bank, which has only approved three solutions so far. The other two, Sber Bank and startup Lighthouse, both tokenized factored invoices during the past month.
Like the Sber platform, Atomyze is underpinned by the Hyperledger Fabric enterprise blockchain.
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