Andrey Burilov, Chief Information Officer and Member of the Board of the Moscow Exchange, said that the exchange plans to launch a product based on digital financial assets (DFA) this year.
Burilov told the TASS news agency 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 make it possible to link the company’s fixed assets with the investment market, and the introduction of the DFA will ensure data protection from leakage and substitution.
“We consider the CFA as a tool for circulation on the stock 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 the 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, announced that a unified Russian crypto exchange would be created on the basis of the Moscow Exchange that would meet all the requirements of the Bank of Russia. Last year, the 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: Bits
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