Summary:
• Alfa-Bank and Alpha Capital Asset Management launch Russia’s first digital financial asset (DFA).
• "Evergreen Portfolio" digital financial assets (DFA), providing investment opportunities in stocks, bonds, gold and money market instruments.
• Investors can capture the benefits of actively managed strategies by balancing income potential with volatility.
A major Russian financial institution has announced its intention to use Digital Financial Assets (DFA) to monitor four major assets within the Russian Federation.
Russia’s Alfa-Bank has confirmed that it will issue the digital asset on its “A-Token” platform, offering investment opportunities in stocks, bonds, gold and money market instruments.
Russian banks move towards digital asset adoption
Alfa-Ban revealed in a recent statement that the product will be produced in partnership with its affiliated asset management organizations.
“Alfa-Ban and Alpha Capital Asset Management have created the first digital financial asset (DFA) based on an exchange-traded mutual investment fund – the ‘Evergreen Portfolio’.
It further clarified that the investment product is designed to provide customers with a high rate of return. It also ensures a steady growth of the capital initially invested by customers.
“DFA’s investment strategy pursues two objectives simultaneously: ensuring attractive return potential even in moderate market growth through active management principles, while mitigating the impact of possible volatility.”
The Moscow Stock Exchange has been actively considering a particular product since the middle of last year.
In July 2023, the media announced that the Moscow Stock Exchange plans to launch the issuance and trading of digital financial assets.
However, there is still some ambiguity in the definition of digital financial assets (DFA) in Russian legislation. The current position is somewhere between digital assets and traditional assets.
Specifically, under the 2021 Act, digital financial assets (DFAs) constitute a unique asset class that bridges the gap between cryptocurrencies and traditional securities.
Speculation on Russia’s CBDC
Meanwhile, the launch of Russia’s central bank digital currency (CBDC), or digital ruble, in August 2023 has fueled speculation that it could challenge the dollar’s dominance.
Russian officials, including Anatoly Aksakov, chairman of the Russian State Duma’s Financial Markets Committee, stressed that the digital ruble has aroused international interest in the digital ruble. In particular, cross-border settlements are a concern.
According to Statista, Russia’s annual cryptocurrency revenue could reach $2.8 billion by 2028.
The number of projects using cryptocurrencies to commit fraud has been steadily increasing in the country, the Central Bank of Russia announced in a recent report its findings.
In 2023, the bank observed that cryptocurrencies were mainly used by MLM schemes and illegal brokers for fraudulent activities.
#俄罗斯 #DFA
