Russia’s largest bank Sber said that retail investors can access digital financial assets (DFA) on its platform from this month. In 2021, Russia introduced regulations covering tokenized traditional assets, including equity and debt, and the tokenization of real world assets such as metals but excluding cryptocurrencies.
“Now we already have billions in terms of the amount issued, the number of issues is already approaching 30,” said Anatoly Popov, Sber Deputy Chairman, according to state-owned news agency Tass. A billion rubles is equivalent to $12 million. He’s expecting some of the largest borrowers to join the platform issuing tens of billions of rubles (more than a hundred million dollars) of debt.
The bank has formulated an investment scoring system targeting individual investors. Part of it involves understanding the quality of the issuer. The goal is for retail investors to bring additional liquidity to the platform.
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