In the first nine months of 2024, 470 issues of digital financial assets with a total volume of about 316 billion rubles took place. This was reported by RBC with reference to a report by the Expert RA rating agency.
According to analysts, more than 98% of the CFA issues were simple cash claims, with maturity periods halving from the previous year to an average of 123 days.
The report explains that digital financial instruments issued by banks may be perceived by investors as analogous to deposits, and similar conditions influence the demand for new products.
The volume of secondary trading in digital financial assets amounted to about 3 billion rubles during the period under study. According to market participants, the main limitation of the segment remains the low liquidity of products.
Nevertheless, issuers are optimistic and expect that by the end of 2024 the volume of digital financial assets issuance will exceed 500 billion rubles, and in 2025 it will approach the 1 trillion ruble mark.
Earlier, analysts estimated the growth prospects of the digital financial assets market to 500 billion rubles within three years.
To date, 11 companies have licenses to issue digital financial assets in the Russian Federation: Atomyze, Lighthouse, Sberbank, Alfa-Bank, Masterchain, Eurofinance Mosnarbank, Tokeon, SPB Exchange, Blockchain Hub, National Settlement Depository and T-Bank (former Tinkoff).
Let us recall that in June it became known about the Central Bank's plans to extend currency control to operations with tokens. Separately, the regulator will prepare a mechanism for legislative segregation of digital financial assets.
