A7A5 Stablecoins have received CFA qualification for cross-border settlements

The world's largest non-dollar A7A5 ruble-linked stablecoin was the first in Russia to qualify as a digital financial asset (CFA). A pilot deal using the A7A5 has already taken place, the Tokeon press service reported.

Russian exporters and importers can actively use stablecoins for their transactions through the Tokeon information system operator, part of the PSB group. Olga Myamlina, Deputy Chairman of the bank, said that the platform was the first on the market to conduct a transaction that would allow the use of CFAs in cross-border settlements. "We plan to scale up the experience gained and separate calculations on foreign economic activity into a separate business area of the platform, which will contribute to the development of international cooperation," said the deputy chairman of the bank.

To qualify a CFA, it is necessary to comply with the requirements of Russian legislation and the Bank of Russia. In this regard, Tokeon and A7A5 brought the functionality of the information system and the documentation of A7A5 in line with the norms and received the admission of foreign digital rights (PPIs) to be used as a CFA.

The first issue of A7A5 tokens took place in February 2025 in Kyrgyzstan, and today their capitalization exceeds 41 billion rubles. According to Leonid Shumakov, the head of the A7A5 project, "the pilot deal showed that the legislation adopted in Russia and Kyrgyzstan is progressive and allows solving practical problems."

The A7A5 stablecoin has already become a convenient and effective tool for cross-border payments using the blockchain, Shumakov believes. "This opens up great opportunities for scaling our solutions, which, I am sure, will bring significant positive effects for people, companies and the economy as a whole," he said.

The deal opens up new business opportunities and greatly simplifies settlements under restrictions, said Igor Egorkin, CEO of the Tokeon platform. He expressed confidence that using digital assets to service foreign trade operations would help Russian importers and exporters work more productively with friendly countries.

"We understood that the need for such a tool was long overdue. Thanks to effective cooperation with our technological partner, as well as the participation of the regulator and the legislature, we managed to put the idea into practice," Yegorkin said.

It is possible to pay with digital currencies within the framework of foreign trade operations. At the same time, transactions using the CFA are carried out without paying VAT. To use A7A5 in foreign trade settlements, a Russian company must register on the Tokeon platform as an investor, the company stressed. You can purchase the required amount of digital assets on the service and use them to pay for goods from a foreign counterparty. He, in turn, will receive stablecoins on one of the open blockchains — Tron or Ethereum. All transactions and settlements using A7A5 will be accounted for on the Tokeon platform.

In July, Reuters noted the growing demand for A7A5, which led to the fact that the market capitalization of the stablecoin tripled to $ 521 million in less than two weeks. At the same time, daily activity reached more than $1 billion. According to the agency, in July, an additional $100 million was allocated to the USDT turnover, which allowed meeting the increased demand.

Digital financial assets are rights to a certain type of property (for example, precious metals, real estate, and commodities) that can be traded on the market. In fact, it is a security backed by real property and has a maturity date. What distinguishes it from traditional instruments is that these assets (digital tokens) are issued based on distributed ledger technology, the blockchain.

Legislation on the CFA began to be formed in Russia in 2020. The CFA is now being considered as an alternative to traditional settlements with other countries under sanctions. First of all, we are talking about large-scale supplies involving strategic enterprises. This method allows you to make payments without the participation of banks that may refuse to work with Russia.

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