BitRiver Launches Digital Financial Assets on Atomyze Platform

The Russian data center operator BitRiver has launched digital financial assets (DFAs) for all investors on the Atomyze platform.

The price of one DFA is 1000 rubles, with a total issuance volume of 300 million rubles.

The interest rate is 18% per annum with monthly interest payments.

In March, Tinkoff Bank secured a license for DFA issuance. Besides Tinkoff, the right to issue DFAs in Russia is held by Atomyze, Lighthouse, Sberbank, Alfa-Bank, Masterchain, Eurofinance Mosnarbank, Token, SPB Exchange, Blockchain Hub, and the National Settlement Depository.

The first DFA exchange operator in August 2023 was the Moscow Exchange. On March 21, it was joined by SPB Exchange.

The crypto community has met the possibility of international settlements in DFAs with caution, fearing increased control over stablecoin transactions. The latter remain more convenient for businesses compared to DFAs, which have several issues.

Back in December 2023, the Moscow Exchange predicted the DFA market would grow to 250 billion rubles in 2024 and reach 3–5 trillion rubles by 2027. Last year, the figure was 60 billion rubles.

In March 2024, the OFAC expanded its sanctions list to include Russian DFA issuance platforms Atomyze, Lighthouse, and Masterchain.