Within three years, the digital financial assets (DFA) market could reach 500 billion rubles under a moderately optimistic development scenario, reports RBC, citing analysts from ACRA.
Experts noted that their calculations are influenced by macroeconomic factors, including interest rates and indicators of macroeconomic stability.
Analysts were uncertain whether certain types of tokens could become alternatives to bank deposits.
According to ACRA, approximately 350 DFA issuances have been made so far, with the market volume reaching about 60 billion rubles by the end of 2023.
The majority of DFAs—61.5%—are issued for a term of more than one year. The term for 25% of the instruments is up to three months.
“Issuers are either still searching for the most rational applications or testing the issuance and servicing processes of this class of financial assets and studying the investor base,” explained ACRA.
Earlier, the Moscow Exchange predicted that the DFA market could grow to 5 trillion rubles by 2027.