{"id":18150,"date":"2024-10-28T18:13:08","date_gmt":"2024-10-28T16:13:08","guid":{"rendered":"https:\/\/forklog.com\/en\/digital-financial-assets-market-reaches-316-billion-rubles\/"},"modified":"2024-10-28T18:13:08","modified_gmt":"2024-10-28T16:13:08","slug":"digital-financial-assets-market-reaches-316-billion-rubles","status":"publish","type":"post","link":"https:\/\/u1f987.com\/en\/digital-financial-assets-market-reaches-316-billion-rubles\/","title":{"rendered":"Digital Financial Assets Market Reaches 316 Billion Rubles"},"content":{"rendered":"<p>In the first nine months of 2024, there were 470 issuances of <span data-descr=\"digital financial assets\" class=\"old_tooltip\">digital financial assets (DFA)<\/span> with a total volume of approximately 316 billion rubles. This was reported by <a href=\"https:\/\/www.rbc.ru\/crypto\/news\/671f48949a794748d5788769\">RBC<\/a>, citing a report from the rating agency Expert RA.<\/p>\n<p>According to analysts, over 98% of DFA issuances were simple monetary claims. Meanwhile, the average maturity period halved from the previous year to 123 days.<\/p>\n<p>The share of DFAs with a fixed annual rate increased from 39% to 82%, while the percentage of products linked to the Bank of Russia&#8217;s key rate decreased from 53% to 16%. Analysts attribute this to nearly 70% of issuances being concentrated in the three largest issuing banks:<\/p>\n<ul class=\"wp-block-list\">\n<li>Alfa-Bank \u2014 34%;<\/li>\n<li>VTB \u2014 22%;<\/li>\n<li>Sberbank \u2014 13%.\u00a0<\/li>\n<\/ul>\n<p>The report explains that DFAs issued by banks may be perceived by investors as deposit equivalents, and similar conditions influence the demand for new products.<\/p>\n<p>The volume of secondary DFA trading amounted to about 3 billion rubles during the period studied. Market participants believe the main constraint in the segment remains the low liquidity of the products.<\/p>\n<p>Nevertheless, issuers are optimistic and expect that by the end of 2024, the volume of DFA issuance will exceed 500 billion rubles, and in 2025 it will approach 1 trillion rubles.\u00a0<\/p>\n<p>Previously, analysts predicted that the digital financial assets market could grow <a href=\"https:\/\/u1f987.com\/en\/news\/analysts-predict-digital-financial-assets-market-could-reach-500-billion-rubles\">to 500 billion rubles<\/a> within three years.<\/p>\n<p>Currently, 11 companies in Russia hold licenses to issue DFAs: Atomyze, Lighthouse, Sberbank, Alfa-Bank, Masterchain, Eurofinance Mosnarbank, Tokeon, SPB Exchange, Blockchain Hub, the National Settlement Depository, and <a href=\"https:\/\/u1f987.com\/en\/news\/tinkoff-secures-license-for-digital-financial-assets-issuance\">T-Bank<\/a> (formerly Tinkoff).<\/p>\n<p>Back in June, plans were revealed for the Central Bank to extend <a href=\"https:\/\/u1f987.com\/en\/news\/russias-central-bank-to-implement-currency-control-on-digital-financial-assets\">currency control<\/a> to token operations. Separately, the regulator will prepare a mechanism for legislative segregation of DFAs.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>In the first nine months of 2024, there were 470 issuances of digital financial assets (DFA) with a total volume of approximately 316 billion rubles. This was reported by RBC, citing a report from the rating agency Expert RA. According to analysts, over 98% of DFA issuances were simple monetary claims. Meanwhile, the average maturity [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":18149,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"","news_style_id":"","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[27,596],"class_list":["post-18150","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-russia","tag-tokens"],"aioseo_notices":[],"amp_enabled":true,"views":"20","promo_type":"","layout_type":"","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/18150","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/comments?post=18150"}],"version-history":[{"count":0,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/18150\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media\/18149"}],"wp:attachment":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media?parent=18150"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/categories?post=18150"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/tags?post=18150"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}