Deputy Minister of Finance of Russia, Ivan Chebeskov, said that his department is preparing the concept of tokenization of property and goods, since the request for the introduction of this mechanism is already receiving from banks and marketplaces.

According to Ivan Chebeskov, in the next few months the Ministry of Finance will complete the development of the rules. Then it is necessary to develop and introduce infrastructure for tokenization:

“This, in fact, is the wrap of various types of property and goods in a digital financial asset, in token. It will also be necessary to create a regulatory framework for the conversion of such tools. ”

The deputy minister said that the department wants to create the possibility of investment in those types of property and goods that could not have been used for such purposes. The tool can become an element of financial transactions, offer new methods of trade and investment, attracting investments of private investors, the official believes.

Earlier, Ivan Chebeskov said that the Moscow Exchange may become the organizer of trading in the framework of the experimental legal regime in Russia, and the experiment itself is planned to be launched in six months.