Russia Advances Legal Framework for Tokenized Assets and Shares
Russia has taken a significant step toward integrating digital assets into its financial system by approving a new "Concept for the Tokenization of Assets in the Real Sector of the Russian Economy." The framework, developed by the Ministry of Finance in collaboration with the Central Bank of Russia, aims to leverage distributed ledger technology to enhance investment opportunities and liquidity.
The initiative seeks to reduce costs and lower entry barriers for small private investors while improving the quality of secured loan portfolios. Initial pilots will focus on tokenizing ownership rights to property and intellectual assets, with plans to expand coverage gradually. Transactions under this framework will not require state registration, streamlining the process for participants.
