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Russia enters the era of tokenization

The Russian asset tokenization platform Atomize has begun issuing digital financial assets (DFA) for precious metals.

One of Atomize's investors is Vladimir Potanin's Interros, who said that such DFAs could displace asset-backed cryptocurrencies in the future. The first to be issued is the CFA for palladium.

The investor will be entitled to a cash claim equivalent to the market value of the palladium. Palladium is not a public asset on the Russian market, and on the Atomize platform, the metal will be presented in the format of a new type of financial instrument that allows both purchases and investments.

Vladimir Potanin added that the release of the first Russian industrial token signifies the entry of the Russian economy into the era of tokenization. He is sure that "in the near future, both Russian business and the widest strata of the population will appreciate all the advantages of the CFA and the opportunities that tokenization opens up."

The widest range of uses (almost any product or service can be tokenized), flexibility, absolute reliability and transparency - all this makes tokens a unique tool for liquidity management and investment. Unlike an unsecured cryptocurrency, where blockchain technology is used for maximum anonymization of the user, industrial and other tokens are backed by physical assets, and the use of blockchain technology makes transactions with them reliable, convenient and transparent. These are the main competitive advantages with which the token will defeat the cryptocurrency, pushing it to the sidelines of the digital economy.

Vladimir Potanin

The list of DFAs issued by the Atomize platform will expand as interest from investors and issuers grows.

Russia enters the era of tokenization