On December 26, Sberbank announced that it had issued its first tokenized gold on the Sber blockchain. The state-owned Russian bank received a license for Digital Financial Assets (DFAs) in March 2022 and launched its first digital asset in July based on factored invoices.
While this is Sber’s first metals token, Norlisk’s Atomyze issued tokenized palladium back in July 2022.
To date, the Central Bank of Russia has licensed just three firms to issue DFAs, which cover tokenized stocks, commodities, commercial paper, and financial instruments, but not cryptocurrencies. Apart from Sber and Atomyze, startup Lighthouse has issued tokens based on factored invoices.
Article continues …
Want the full story? Pro subscribers get complete articles, exclusive industry analysis, and early access to legislative updates that keep you ahead of the competition. Join the professionals who are choosing deeper insights over surface level news.
