The National Settlement Depository (NSD), part of the Moscow Exchange group, issued DFAs, the issuer of which was GPB Factoring. The issue is structured in the form of a monetary claim in the amount of 100 million rubles. circulation period is 1 day with a rate of 13% per annum. The digital assets were then sold on the Moscow Exchange.
In a conversation with Kommersant, executive director of the Association of Factoring Companies (AFC) Dmitry Shevchenko noted that “factoring transactions, as practice shows, are still the most logical area of application of digital financial services for monetary claims.”
“With the average turnover of a factoring portfolio on the market being 60-70 days, in this case what is important is not the timing, but the fact of the transaction,” Shevchenko noted.
Back in August, the Moscow Exchange announced that it could launch trading in short-term digital financial assets. Previously, the exchange was included in the register of DFA exchange operators.
In September, the head of the financial market infrastructure department of the Central Bank of the Russian Federation, Kirill Pronin, said that new “digital” activities collectively brought the market 140 billion rubles.
Source: Bits
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