Rostec to Launch RUBx Token on TRON Blockchain

The state corporation Rostec announced the launch of the RUBx token and the RT-Pay payment platform. The asset will maintain a one-to-one ratio with the ruble.

The company supports the creation, production, and export promotion of innovative industrial products used in both defense and civilian sectors.

RT-Pay will enable companies and individuals to conduct transactions in a digital environment. It will be integrated into the existing banking infrastructure, allowing interaction with external wallets and smart contracts.

RUBx is developed on the TRON blockchain. Developers will open the source code on GitHub and conduct a security audit with CertiK.

Rostec representatives highlighted the difference between the token and the digital ruble. RUBx will not be stored in special accounts and will be able to interact with external crypto infrastructure.

“Each RUBx is backed by real ruble obligations, which is legally documented,” noted Rostec Deputy General Director Alexander Nazarov.

The system launch is planned for this year. Initially, buying and selling RUBx will be available through a special web portal. In the future, developers plan to list the token on exchanges and add it to popular wallets.

In June, the Moscow Exchange launched trading in futures on shares of the exchange-traded bitcoin fund iShares Bitcoin Trust ETF by BlackRock. The debut session saw a volume exceeding 423 million rubles, with nearly 8,600 transactions.

Later, Sberbank issued over-the-counter bonds worth 500 million rubles, linked to the price of the leading cryptocurrency.