CIO and board member of the Moscow Exchange Andrey Burilov said that the exchange plans to launch a product based on digital financial assets ( CFA) this year.
Burilov told the TASS news agency in an interview that the stock exchange is already exploring the possibility of listing digital assets with a company from the traditional sector of the economy. According to him, tokenization will allow linking the company’s fixed assets with the investment market, and the introduction of DFA will ensure data protection from leakage and substitution.
“We consider DFA as a tool for circulation on the exchange, that is, the goal is to offer market participants another investment tool. The main difficulty is that this is a completely new product for the entire market, from regulation to software, as well as its integration into existing systems of the exchange and its clients.At the same time, DFA is a fundamentally new way to guarantee that information will not leak anywhere and will not be replaced,” Burilov said.
In July Anatoly Aksakov, Head of the State Duma Committee on the Financial Market stated that on the basis of the Moscow exchange a single Russian crypto exchange will be created that meets all the requirements of the Bank of Russia. Last year, Moscow Exchange together with the largest member banks of the FinTech Association created a company for the development of IT solutions and technologies using distributed registries.
Source: https://bits.media/mosbirzha-namerena-sozdat-produkt-na-osnove-tsfa/
