According to the exchange’s CEO Roman Goryunov, the development of this market can be achieved by integrating it into the traditional financial structure

​SPB Exchange presents its plan to enter the market of DFAs

15.12.2022 - 16:20

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2 min

What’s new? SPB Exchange, the largest organizer of trading in foreign securities in Russia, plans to apply to the Bank of Russia for the status of information system (IS) operator, which allows issuing of digital financial assets (DFAs). RBC reports, citing the statements of the exchange’s CEO Roman Goryunov.

News on the RBC website

What else is known? According to Goryunov, St. Petersburg Stock Exchange plans to become an integrator in the secondary market of DFAs. The platform’s head believes that for efficient development DFAs should be integrated into the traditional financial structure, and the secondary circulation should be carried out through brokers and stock exchanges. In addition, SPB Exchange intends to obtain the status of a DFA exchange operator to issue products on its own infrastructure.

“… we can become an integrator in terms of interaction with information systems — we have expertise in creating liquidity for a wide range of different products and system distribution through a wide range of market participants,” Goryunov added.

Similar plans were announced earlier by the Moscow Exchange. The platform is also going to become a DFA exchange operator and announced the possible release of products on their basis by the end of 2022.

In December, a proposal to legalize payments in DFAs came from Sberbank. At the moment it faces opposition from the Bank of Russia. At the end of November, Atomyze, the platform for the digitalization of assets, conducted its first trade with individuals. Unqualified investors were able to buy DFAs for palladium. Earlier, Anatoly Aksakov, chairman of the State Duma Committee on the Financial Market, said that 2023 would be the “year of the DFAs” in Russia.

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