{"id":403168,"date":"2022-02-03T19:30:00","date_gmt":"2022-02-03T16:30:00","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/russian-central-bank-registers-nations-first-digital-asset-manager\/"},"modified":"2022-02-03T19:30:00","modified_gmt":"2022-02-03T16:30:00","slug":"russian-central-bank-registers-nations-first-digital-asset-manager","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/russian-central-bank-registers-nations-first-digital-asset-manager\/","title":{"rendered":"# Russian central bank registers nation\u2019s first digital asset manager"},"content":{"rendered":"

“# Russian central bank registers nation\u2019s first digital asset manager <\/strong>”
\n<\/p>\n

The Bank of Russia has registered tokenization service Atomyze as the country\u2019s first digital asset management company, the central bank officially announced<\/a> Thursday.<\/p>\n

According to the announcement, the Bank of Russia has formally deemed the rules of the company\u2019s information system and the platform\u2019s technical implementation as being compliant with the Russian law.<\/p>\n

The registration enables Atomyze to provide its clients with an opportunity to issue digital financial assets, or DFA, on its platform as well as obtain \u201cnew types of assets in the tokenized form.\u201d The organization will be also enabled to \u201cindependently carry out exchange operations within its platform\u201d as the rules of DFA exchange are \u201cbuilt into the information system rules.\u201d<\/p>\n

\u201cIn order to further develop the DFA, the Bank of Russia has formulated proposals for improving the regulation of such assets and their taxation, which will increase the attractiveness and app<\/a>licability of digital financial instruments. In the near future, these proposals will be submitted for discussion in the form of a regulatory consultation report,\u201d the central bank noted.<\/p>\n

According to Atomyze’s website, it is a Russia-based blockchain firm focused on \u201cdigitization of various assets and processes though distributed ledger technologies including, but not limited to DFA.\u201d<\/p>\n

In June 2021, Atomyze\u00a0secured<\/a>\u00a0funding from Russian conglomerate and investment firm Interros, co-founded by local billionaire entrepreneur Vladimir Potanin. The Russian oligarch is known<\/a> as Russia\u2019s second-richest person with a net worth of $28.8 billion. He made a fortune by acquiring<\/a> a stake in the nickel and palladium mining and smelting company Norilsk Nickel during Russia’s privatization in 1995.<\/p>\n

According to a separate announcement by Interros, the Global Palladium Fund was one of the first issuers on the Atomyze global platform. The fund specifically launched<\/a> digital exchange-traded commodities backed by assets of Norilsk Nickel on six European stock exchanges, including those in London and Frankfurt.<\/p>\n

\u201cAtomyze became the first tokenization platform in Russia to receive a regulatory approval,\u201d Interros wrote, adding that its ecosystem includes tokenization platforms not only in Russia, but also in other jurisdictions, such as, in the United and Switzerland. The announcement also states the following:<\/p>\n

\u201cThis will ensure Russia\u2019s \u201cdigital equality\u201d in the global digital economy, make it easier for Russian companies to enter world markets, and make it possible to attract more foreign capital to Russia.\u201d<\/p><\/blockquote>\n

Related: <\/em><\/strong>Russian bank Sber launches blockchain ETF tracking Coinbase, Galaxy Digital<\/em><\/strong><\/p>\n

As previously reported, the Bank of Russia has been strongly opposing local companies to start offering digital currency-related services including crypto investment. Major local private bank Tinkoff acquired a foreign crypto-related firm in early January after the Bank of Russia reportedly stopped the firm from launching its own suite of related services last year.<\/p>\n

In late 2021, Bank of Russia deputy governor Vladimir Chistyukhin announced the bank\u2019s intention to allow Russians to invest in crypto only through foreign crypto infrastructure. <\/p>\n