Russia Greenlights RWA Tokenization as Property and Shares Go On-Chain
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Russia's government approved a framework for creating and trading digital tokens backed by real assets, including property and stocks. The tokenized asset market in Russia could reach 13 trillion rubles ($138 billion) by 2030, marking a significant adoption of blockchain technology in the economy.
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- The plan was put together by the Ministry of Finance and the Bank of Russia.
- It forms a national system for creating and trading digital tokens backed by real assets
- Russia’s tokenized asset market could exceed 13 trillion rubles ($138 billion) by 2030.
The Russian government has given the green light to a plan that lays out how to turn real-world assets (RWAs) into digital tokens. It was put together by the Ministry of Finance, the Bank of Russia, and federal executive authorities.
As part of a larger push to bring blockchain technology into the mainstream economy, this new policy establishes a national system for creating and trading digital tokens backed by real assets. These can include everything from property and stocks to patents and other valuable rights.
Government officials say the plan is designed to:
- Bring more digital innovation into the econ…
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