When buying a CFA, the investor receives the digital right to pay the market price of the corresponding share of bitcoin. The purchase price is set in rubles at an aggregated rate from several sites and the dollar rate on the date of release of a smart asset. The cost of one Tsf is 8854.29 rubles.
“T-Bank the first in Russia released the Tsfa tied to the cost of bitcoin. One Tsfa corresponds to 0.001 bitcoin. The new smart asset is available only to qualified investors, this is the requirement of the Central Bank of the Russian Federation. The issuer in advance acquired and reserved a real bitcoin, which is stored in protected infrastructure, ”the T-Bank said in a statement.
The maturity of the TsFA is one month. After that, the issuer for each smart asset pays 0.001 bitcoin in rubles, based on the cost of cryptocurrency and ruble exchange rate for this day.
The T-Bank noted that the investor can sell a smart asset during the release period, since the market maker supports secondary auction. Investments are available through the bank’s application, without the need to open an account on the crypto -story.
Earlier, the St. Petersburg exchange announced preparations for launching trading in calculated futures tied to the price of bitcoin. Access to the contract has already been provided to professional participants in test mode.
Source: Bits
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