Moscow Exchange plans to launch a DFA-based product by the end of the year

At the moment, the company is dealing with the issue of listing digital tokens with one of the partners

20.08.2022 - 07:30

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What’s new? The Moscow Exchange plans to release a product based on digital financial assets (DFAs) by the end of 2022. Andrey Burilov, Managing Director for IT and Member of the Management Board of the Moscow Exchange, said this in an interview with TASS. At the moment, the company is dealing with the issue of listing digital tokens with one of its partners. Burilov noted that it is a company from the real sector. According to him, the point of the initiative is to connect the company’s fixed assets and the investment market using digital technologies.

Information on the TASS website

What else did Burilov say? According to him, DFAs are seen as a tool to be used on the exchange, meaning that the main goal is to offer market participants another investment tool. He added:

“The main difficulty is that this is a completely new product for the whole market, starting with regulation and ending with software, as well as its integration into the existing systems of the exchange and its customers. Herewith, DFA is a fundamentally new way to guarantee that information will not leak anywhere and will not be substituted.”

In July, Anatoly Aksakov, head of the State Duma Committee on the Financial Market, reported that the launch of a Russian crypto exchange can be implemented as part of the work of the Moscow Exchange. In this, a platform should be created in accordance with the strict requirements of the Bank of Russia. Later, representatives of the Moscow Exchange said that they were ready to offer DFA trading services to their clients, but this is only possible after approval of the relevant regulatory framework.

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