Russia cautious about tokenizing real-world assets

The Central Bank of Russia has recently expressed caution regarding the tokenization of real-world assets (RWA). In its report, the bank emphasized that while tokenization can bring many benefits such as increased liquidity and optimized transaction processes, the current legal framework in Russia is still inadequate and unclear, limiting the potential of this technology. The uncertainty in regulations, especially regarding taxes, can pose challenges for both investors and issuers.

Specifically, the bank also pointed out that the lack of a unified definition of tokenized real assets is a significant obstacle. Furthermore, as tokens represent ownership rights to physical assets, improvements in infrastructure and regulatory adjustments are necessary. Although there are many supporters who argue that the benefits of tokenization outweigh the risks, the bank requires a solid legal framework to ensure sustainable development for this market.