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Russia may allow issuance of financial instruments in the form of CFA

 

MOSCOW, November 7 - RIA Novosti.  The Bank of Russia proposes to enable the issuance in Russia in the form of CFA of exchange-traded instruments, third-party debt, precious metal tokens and NFTs, says   report   Regulator for public consultation.
 
"It is proposed to work together with market participants and interested federal executive authorities on the possibility of issuing the following products in the form of digital rights: traditional financial instruments (for example, non-equity securities, as well as bonds, including bonds of federal and subfederal loans, issued immediately in the form of digital assets and others)," the report says.
 
 
It is also proposed to enable the issuance of debts of third parties (issuance and transfer of DFA, certifying the rights of claims against the issuer, secured by debts of third parties, including tokenization of loans, including claims secured by mortgages (digital securitization).
 
 
Another type of DFA can be tokenized precious metals and stones (“hybrid” digital rights that allow you to get a precious metal / stone or the equivalent of the value of such a precious metal / stone), as well as “titular” NFTs (digital rights certifying the ownership of a thing or an exclusive right , the right to use the results of intellectual activity to a certain person with the possibility of their release and circulation through operators of information systems and operators of the exchange of digital financial assets).
 
“At the same time, for cases of issuing digital instruments that are inextricably linked with any underlying assets, the legislation should provide for requirements aimed at ensuring the safety and legal connection of the underlying assets with the corresponding digital instrument issued as a result of such tokenization,” experts say   Central Bank   RF.
 
 
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