The Central Bank of Russia has added another entity to its register of authorized issuers of digital financial assets. The platform, called ‘Masterchain,’ becomes the fifth ‘information system operator’ in the country that can legally tokenize traditional assets and organize their trade.
Number of Licensed Digital Asset Issuers in Russia Grows to Five
The Central Bank of Russia (CBR) has included the company Distributed Registry Systems, with its Masterchain platform, to the register of operators of information systems which can be used to issue digital financial assets (DFAs), the business news portal RBC reported.
Four other issuers have been registered so far. These are the tokenization service Atomyze, the fintech company Lighthouse, as well as Sberbank and Alfa-Bank, the largest state-owned and private bank in the Russian Federation, respectively.
Established in April, 2021, Distributed Registry Systems is an IT company specialized in developing blockchain-based solutions for the financial, transport, logistics, and other industries. Several large Russian banks, Moscow Stock Exchange and Association “Fintech” are among its founders.
Initially, the company plans to issue digital financial assets for rights to…
