The Ministry of Finance of Russia is preparing to allow the tokenization of real assets in a pilot mode

This was announced by the director of the financial policy department of the Ministry of Finance, Alexey Yakovlev.

Currently, a concept for the tokenization of real sector assets is being developed, and a draft federal law is being prepared that will allow the launch of the process in the format of a pilot project. The Ministry of Finance is currently formulating specific business cases and solutions to practical problems.

This includes corporate tokenization, including shares in limited liability companies. This may involve creating clear rules for accounting and turnover of shares, as well as addressing collateral issues within smart contracts.