CoinInsight360.com logo CoinInsight360.com logo
America's Social Casino
cryptonews 2025-03-19 03:00:00

Russia’s Sberbank Launches Blockchain-powered Cocoa Index Token on Moscow Exchange

Sberbank, Russia’s largest bank, has launched a blockchain technology -powered token that tracks global cocoa prices. The bank’s coin is a so-called digital financial asset (DFA). Sberbank said its token price was “tied to the international price of cocoa” through “a cash-settled futures contract” on the Moscow Exchange. Sberbank Launches Blockchain-powered Commodities Token The Russian media outlet RBC reported that Sberbank says its coin allows customers access to the “international agricultural market.” Using a Sberbank ATM. (Source: Terpila Tepilov/YouTube/Screenshot) Russian banks have flocked to the DFA sector in recent years, with the crypto- and blockchain-keen Sberbank leading the way . Russian law defines DFAs as “tokenized versions of real assets,” which are uniformly issued using blockchain technology. While in the past, the term was ambiguous, legislators have been careful to explain that DFAs do not refer to “cryptocurrencies or other tokens that are traded on crypto exchanges .” The Russian Central Bank is the sole regulator of the DFAs market. The bank polices would-be issuers, and can issue them with operating permits. The Central Bank of Russia has unveiled a proposal to allow qualified individuals to trade crypto within a three-year experimental period. #Russia #Crypto https://t.co/C8j6k8LqWr — Cryptonews.com (@cryptonews) March 13, 2025 While most issuers are banks, such as Alfa-Bank , a smaller number of commodities traders and mining exploration firms have also launched their own DFA tokens. Unlike tokenized real world assets ( RWA s), DFAs make use of private blockchain networks. The offices of the Moscow Exchange, in Moscow, Russia. (Source: Weekend Production/YouTube/Screenshot) Sberbank claimed that its coin could help protect Russian investor “against a possible weakening of the ruble.” It noted that it could perform this function by ensuring its token price “includes the currency revaluation of the underlying asset.” It suggested that companies that use cocoa as a raw material could use its DFA “to hedge the risks of rising prices” in the agricultural sector. “We have developed a cocoa DFA that combines the traditional appeal of commodity markets and innovative technologies.” Alexander Zozulya, Director of Global Markets, Sberbank DFAs: Growing in Popularity? The bank said that each token would be worth “one kilogram of cocoa.” It added that only companies and qualified investors would be able to buy the coin. The firm will initially offer its “cocoa index DFA” for “a period of up to four months,” but would allow traders to apply for “early redemption.” One of Russia's largest energy firms is already wooing buyers with the prospect of looser US restrictions https://t.co/i3bcFZmSOb — Bloomberg (@business) March 18, 2025 The DFAs market grew x4 in 2024, Sberbank has noted. The bank also claimed in February this year that the market is currently worth 684 billion rubles (over $8.3 billion). Russian banks say that 98% of DFAs are “debt tokens,” but add that “hybrid and index instruments” are also making their debuts. Banks have also begun offering a smaller range of gasoline and diesel fuel price-themed DFAs. The post Russia’s Sberbank Launches Blockchain-powered Cocoa Index Token on Moscow Exchange appeared first on Cryptonews .

면책 조항 읽기 : 본 웹 사이트, 하이퍼 링크 사이트, 관련 응용 프로그램, 포럼, 블로그, 소셜 미디어 계정 및 기타 플랫폼 (이하 "사이트")에 제공된 모든 콘텐츠는 제 3 자 출처에서 구입 한 일반적인 정보 용입니다. 우리는 정확성과 업데이트 성을 포함하여 우리의 콘텐츠와 관련하여 어떠한 종류의 보증도하지 않습니다. 우리가 제공하는 컨텐츠의 어떤 부분도 금융 조언, 법률 자문 또는 기타 용도에 대한 귀하의 특정 신뢰를위한 다른 형태의 조언을 구성하지 않습니다. 당사 콘텐츠의 사용 또는 의존은 전적으로 귀하의 책임과 재량에 달려 있습니다. 당신은 그들에게 의존하기 전에 우리 자신의 연구를 수행하고, 검토하고, 분석하고, 검증해야합니다. 거래는 큰 손실로 이어질 수있는 매우 위험한 활동이므로 결정을 내리기 전에 재무 고문에게 문의하십시오. 본 사이트의 어떠한 콘텐츠도 모집 또는 제공을 목적으로하지 않습니다.