Sber to open DFA trading in June

From June 2023, individuals will be able to conduct operations with digital financial assets (DFAs) on Sber’s platform. This is reported by ТАСС citing the bank’s Deputy Chairman Anatoly Popov.

DFAs include four types of digital rights:

• monetary claims;
• rights to issuer securities (shares, bonds, issuer options, and Russian depositary receipts);
• rights to participate in the equity of a non-public joint-stock company;
• the right to demand delivery of issued securities.

In addition, hybrid DFAs are backed by multiple assets at once: services, goods, monetary claims and securities.

Initially, the launch of DFA trading was planned for the end of Q1 2023. Before adding these transactions, Sberbank developed a dedicated scoring system to help private investors make informed investment decisions.

Popov noted that the cumulative volume of DFA issuance on Sber’s platform amounts to billions of rubles, and the number of tokens is approaching the thirties. In the near term, onboarding of large borrowers is expected, with plans to issue digital assets worth tens of billions of rubles.

Earlier, ForkLog reported that on the Atomyze platform an addressable issuance of DFAs by Expobank JSC for 1 million rubles.