Sber First to Issue a Loan Secured by a Digital Financial Asset

In the Russian Federation, a loan deal backed by digital financial assets (DFA) was completed. The press service of Sber said.

The DFA-backed financing was secured by the Datsik group of companies, owner of the Omega shopping centre in Togliatti.

The bank said the deal was conducted to study customer experience, the legal form, and new uses for digital financial assets in the market.

In July, Sber issued a DFA worth 10 million rubles for the large Moscow developer—the Glavstroy group.

Earlier in November, the bank conducted the first deal using a smart contract.