10 Mar 2023 10:36

CBR puts Masterchain on registry of operators of digital financial asset issuing systems

MOSCOW. March 10 (Interfax) - The Central Bank of Russia (CBR) has included Masterchain (Distributed Ledger Systems LLC) in the registry of operators of information systems in which digital financial assets (DFA) are issued, the CBR said on its website.

"Masterchain will soon give clients access to its platform for issuing and trading DFA. The company is also considering the possibility of connecting external agents and brokers to attract an even greater number of issuers and investors," the company said in a statement.

The company initially plans to issue DFA on rights to monetary claims, which could be structure either like bonds (without a link to assets) or structured instruments with a link to any type of asset.

In future, the company said will also offer other types of DFA, including hybrid ones, on stakes in private companies and rights to claims on issued securities.

Masterchain already has an agreement to issue DFA with VTB Factoring, where the underlying asset of the DFA will be a portfolio of bonds ceded to the factoring company, as well as with developer G-Group, which plans to issue DFA linked to the price of one square meter of housing under construction.

Masterchain has become the fifth company to be included in the registry of operators of DFA issuing information systems. The other four are blockchain platform Atomyze, one of the investors in which is billionaire Vladimir Potanin's Interros; fintech company Lighthouse, which is developing a digital financial ecosystem with Transmashholding; and the platforms of Sberbank and Alfa Bank.