The Russian Finance Ministry announced that the government has approved a "concept"/framework for Tokenize real assets (RWA), developed by the Finance Ministry in collaboration with the Central Bank and federal agencies, and that ministries and departments have begun implementing it.
According to the announcement, the initiative aims to promote digital innovation in the financial sector, emphasizing increased investment attractiveness and asset liquidation through reduced transaction costs, lower barriers to participation for retail investors, and improved quality of secured credit portfolios of financial institutions.
In the initial phase, the Tokenize plan will focus on four main asset groups/entities: property rights over various types of assets, intellectual property rights (for transactions not requiring state registration), documentary securities, and Capital stakes in the charter Capital of limited liability companies.
The Russian Ministry of Finance believes that the implementation of this framework will contribute to the formation of a more modern and competitive Tokenize environment, expand the portfolio of investment instruments, and potentially create new asset classes and increase liquidation for existing products. Notably, the agency expects blockchain to help reduce the Vai of financial intermediaries, cut transaction costs, and automate order execution and investment decisions, thereby limiting human operational errors.
