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>>Russia's central bank plans to allow foreign investors to purchase Russian shares through tokenization.

Russia's central bank plans to allow foreign investors to purchase Russian shares through tokenization.

crypthub

about 23 hours ago

Central Bank's Tokenization Initiative

Russia’s Central Bank is exploring tokenization to enable foreign investors to access shares in domestic companies. This blockchain-powered solution is viewed as attractive and feasible, according to industry insiders. First Deputy Chairman Vladimir Chistyukhin confirmed the possibility of this approach during a recent forum. The move aims to circumvent limitations posed by existing financial infrastructure.

Circumventing Sanctions

Tokenization is being considered as a potential workaround to avoid sanctioned infrastructure and intermediaries. Sergei Shvetsov, head of the Moscow Exchange’s Supervisory Board, highlighted the desire of overseas investors to purchase Russian shares. He believes tokenization offers a solution independent of restricted systems commonly used in Russia. Foreign partners would play a significant role in providing necessary technical solutions.

Expert Support & BRICS Markets

Several experts, including those from Sovcombank and Cifra Markets, support the tokenization plan. The strategy is seen as suitable for investors from BRICS countries and friendly jurisdictions like the UAE and Kazakhstan. Tokenization could also integrate the Russian market into the global digital financial system and allow trading of fractional shares.

Key Considerations & Future Outlook

Successful implementation requires providers to meet reliability standards across the ownership and tokenization process. Regulators must address infrastructure, liquidity, and potential political risks. The overall trend indicates a growing demand for real-world assets (RWAs) and a move towards wider adoption of tokenization.