The expert spoke about the impact of tokenization of digital rights on the market in Russia

Tokenization of foreign digital rights in Russia opens up new opportunities for market liquidity and investment attractiveness. Evgeny Shatov, a partner at Capital Lab, spoke about the risks and benefits that companies can face, as well as how blockchain technologies can stimulate the development of new financial instruments in Russia on September 30.

The first tokenization of foreign digital rights (PPI) on the Tokeon platform opens up new horizons for the Russian financial market. This transaction allows for settlements via a public blockchain, which, according to the expert, significantly increases the investment attractiveness of the ecosystem of digital financial assets (CFAs) and PPI in Russia.

The project, which tokenized the A7A5 ruble stablecoin, demonstrated how digital rights can be integrated into the Russian legal and financial infrastructure. As a result, this step can significantly increase liquidity, as well as attract new professional participants and institutional clients to the foreign trade sector. One of the main advantages is a high degree of transparency due to the use of a distributed registry that records rights and calculations.

"The economic benefits for companies when switching to settlements through wrapped tokens on the public blockchain lie in three planes.: speed, cost, and predictability. Smart contracts allow you to combine payment and fulfillment of delivery terms, reduce the number of intermediaries and manual approvals, and the transparency of the registry reduces operational risk and the cost of auditing operations," said Shatov.

Protective Code: The Constitutional Court was asked to review the rules on digital assets

A lawyer's appeal to the Constitutional Court of the Russian Federation may become a precedent for reviewing judicial practice and legislative norms.

In addition, transparency of the public registry reduces operational risks and the cost of auditing operations, which is especially important for businesses operating in an international environment. However, there are also specific risks associated with asset wrapping technology. So, for the A7A5 ruble cryptocurrency, these may be sanctions risks for the issuer's infrastructure and related services, which have already been subject to restrictions from the UK and the USA. For companies, this means the need for double-checking counterparties, reserving alternative payment routes, and taking into account the risks of sudden liquidity degradation with tougher sanctions.

The expert also noted the importance of the regulatory context. The Bank of Russia has strengthened the requirements for foreign digital rights, which reduces legal risks for market participants and creates a more predictable and secure environment for investments. This is especially important in the context of international settlements, where clarity and clarity of asset admission conditions are critical to reducing risk premiums.

In addition, Shatov stressed that the use of blockchain technologies for tokenization of rights can become a catalyst for the emergence of new financial instruments and products in Russia. These may include tokenized forwards and escrow accounts for foreign trade contracts, factoring and dynamic discounting of export earnings, as well as hybrid digital rights that combine cash flow and the right to claim goods. The introduction of such tools will increase the depth of market liquidity and ensure the development of new financial products.

The game of getting: the criteria may change for investors in cryptocurrency

How can this affect the market and the number of players?

As a result, this method can be used by Russian exporters and importers to settle foreign trade agreements. Thus, the first case of tokenization of foreign digital law through a public blockchain is a step towards an "institutional" tokenized settlement market in Russia.

"It is able to increase the liquidity and attractiveness of sites, reduce business transaction costs and deploy a range of new products, but subject to strict compliance with the requirements of the Bank of Russia and competent management of technological and sanctions risks at the corporate policy level," concluded Shatov.

Evgeny Masharov, a member of the commission of the Russian Public Chamber for the public examination of draft laws and other regulations, said on September 23 that the full implementation of the digital ruble would significantly reduce fraud and increase transparency of financial transactions. He noted that the digital ruble is based on blockchain technology, which ensures full transparency of all financial transactions. According to him, this will make it possible to quickly identify the misuse of funds, which is one of the main advantages of the new system.

All important news is on the Izvestia channel in the MAX messenger.