Expobank is to tokenize diamonds under Russia’s digital financial asset (DFA) regime. While many DFAs tokenize precious metals, this is the first linked to diamonds. In 2021 Russia introduced DFA legislation allowing the tokenization of traditional assets and other real world assets (RWA), but excludes cryptocurrency.
One of the benefits of tokenization is fractionalization. In the Expobank case, it is tokenizing specific diamonds. The first is a three carat one currently valued at 9 million rubles ($97,500). It’s splitting it into 5,000 units, so each token is worth less than $20, according to news outlet RB. On redemption in November 2026, the repayment amount depends on diamond values using the Alrosa cost calculator. This particular investment is only available to qualified investors.
Until recently, most DFAs restricted access. However, as the market matures the central bank is becoming more flexible. Earlier this year Sberbank opened its DFA platform to retail investors.
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