Russia will issue DFAs backed by diamonds
Alrosa is also considering the possibility of creating closed-end mutual funds
09.09.2022 - 09:45
348
1 min
0
What’s new? Russian diamond mining company Alrosa is discussing the possibility of issuing digital financial assets (DFAs) backed by diamonds. The company’s head of strategy Dmitri Amelkin told TASS that the plans of the firm also include the creation of closed-end mutual funds on precious stones. According to Amelkin, currently, Alrosa is discussing these issues with Russian regulators. According to Amelkin, the projects are at the initial stage, their implementation will begin within 6-9 months.
Situation with DFAs in Russia. In August, Prime Minister Mikhail Mishustin announced the need to implement DFAs, as they can guarantee uninterrupted payment for exports and imports.
At the moment, Sberbank, Atomyze, and Lighthouse are the registered operators for issuing DFAs in Russia. Moscow Exchange also announced the release of a DFA-based product by the end of the year.
Later, Atomyze CEO Ekaterina Frolovicheva said that DFAs, unlike cryptocurrencies, have real financial security.
Useful material?
Incidents
The search, the reason for which was not announced, took place a week after the election, the results of which Polymarket users predicted quite accurately
Nov 14, 2024
Market
Analysts point to the growing popularity of the first cryptocurrency as a safe haven asset
Nov 13, 2024
Market
The product will begin trading on the Swiss Exchange on November 19
Nov 12, 2024
Market
The company’s unrealized profits from investing in the first cryptocurrency approached $13 billion
Nov 12, 2024
Market
The company predicts that the rate of the first cryptocurrency will grow to $200 000 by the end of next year
Nov 11, 2024
Technologies
The company also unveiled its own blockchain adoption index
Nov 11, 2024