According to the Vedomosti publication, four out of five companies engaged in the issuance of digital financial assets (DFA) turned out to be unprofitable by the end of 2023.

The Vedomosti publication reports that losses were demonstrated by Atomize, Distributed Registry Systems (Masterchain), Token (Tokeon), and Blockchain Hub (DFA Hub).

The only digital financial asset operator that showed a profit was the Lighthouse platform. The other operators engaged in the issuance of digital financial assets did not provide financial statements for the past year.

Let us recall that the business model of platforms for issuing digital financial assets is commission-based. Accordingly, the size of the operators’ profit depends on the number and volume of DFA issued on the platforms.

Earlier, the Chairman of the Bank of Russia Elvira Nabiullina said that the digital financial assets market needs practical measures to solve the problem of liquidity saturation.