The agricultural holding “Melkoy” was the first in the Russian market to release a digital token, equivalent to 100 kilograms of food wheat of the 3rd class. In total, 340,000 such virtual coins were released.

According to Mikhail Dorofeev, Deputy General Director of Melkoye Civil Code, utility digital rights (UTsp) are a new financial and digital instrument. Thanks to him, you can apply for a batch of food wheat.

“Simply put, each digital token is the equivalent of a certain volume of real goods, fixed legally and technologically. This is a combination of blockchain technologies with a real agrarian sector. In total, 340 thousand UTsp were released, which is equivalent to 34,000 tons of grain, ”Dorofeev explained.

He emphasized that due to the digitalization of real assets, it is possible to attract investment capital faster, reduce price risks and reduce dependence on bank lending.

Investors can take part in the development of the real sector of the economy without physical interaction with a specific product, the company said.

Previously, the largest Russian state banking, Sber on the Moscow Exchange, posted the first issue of bonds, the profitability of which depends on the dynamics of bitcoin price in rubles.