The Russian State Corporation Rostec said that this year it plans to launch its own RUBX token and the RT-Pay payment platform focused on business and private users.

As explained in the corporation, the RT-Pay platform will be built into bank infrastructure. It will allow customers to make calculations in a digital environment and interact with external wallets or smart contracts. The RUBX token is based on the TRON blockchain, its code will be posted on the GitHub platform. It will also be checked by the independent international company Certik.

“Each RUBX is supported by real obligations in rubles, this is recorded legally. The ratio of token to the real ruble is 1: 1. The launch of the system is planned this year, its operator is Rostec, ”said Alexander Nazarov, deputy general director of Rostec.

The platform fully complies with Russian legislation, including the requirements of the regulator, and measures to prevent money laundering and financing terrorism, the corporation noted.

According to the head of the RUBX project, Dmitry Shumaev, they will introduce the new platform in stages, taking into account the requirements of the sectors of the economy. Particular attention will be paid to security and integration issues with the existing financial infrastructure. In the future, the ecosystem will become the basis for a set of other financial services and services.

Earlier, Renaissance Life and BCS Life Insurance said that they bring to the Russian market investment life insurance policies (IDS) with bitcoin binding. This product is available only to qualified investors.