Sber presented in Russia, digital financial assets (DFA) for gasoline and diesel fuel on its own platform "Digital Assets". These products will be available exclusively to qualified investors.
As Sberbank representatives indicated, digital financial assets for gasoline and diesel fuel are index-based. Their quotes are determined taking into account trades on the St. Petersburg International Mercantile Exchange (SPIMEX).
The cost of one digital financial asset is tied to the cost of 1/10 ton of fuel, which has reduced the entry threshold for investors, according to Sber's press release.
The bank noted that each of the qualified investors has the right to exit digital financial assets early, regardless of the liquidity at the auction.
It should be noted that, according to estimates by the Expert RA agency, the growth of the digital financial assets market this year has exceeded the expectations of market participants several times over.
In particular, the volume of digital financial assets issued in the first nine months of 2024 amounted to about RUB 316 billion (470 issues) with a projected RUB 125 billion (300 issues). Analysts expect the market to show even greater growth next year.
Lawmakers are currently preparing a set of proposals aimed at ensuring that, instead of using bank loans, businesses attract funds through investment instruments, including digital financial assets.
