G-Group and Masterchain have agreed to release digital financial assets on the Masterchain platform

2022: Digital Financial Asset Release Plan

The developer of the Republic of Tatarstan, the company Ji-group, and the developer of applied applications on blockchain technologies, the company Distributed Register Systems, have agreed to release digital financial assets on the platform of the OIS ZFA Masterchain, tied to the cost per square meter in the developer's residential real estate under construction. The Distributed Register Systems company announced this on July 7, 2022.

As the first case, the Ji Group plans to issue a CFA within a year with a face value of 300,000 rubles or more in the Upoint residential complex under construction on Piskarevsky Prospekt in St. Petersburg and a face value of 280,000 rubles or more in the Kazan residential complex UNO. Complete release parameter lists will be approved by separate release decisions of the CFA. The operator of the information system with the function of the exchange operator will be the company "Distributed Register Systems."

The value of the token at the time of issue will equal the starting price per square meter in the complex and will grow along with the average cost of living space as the building is ready for construction. Over the past five years, the price per square meter has risen by the end of construction to 40% of the starting price.

In the future, the G-Group expects to release digital assets on the platform of the OIS ZFA Masterchain, covering up to 30% of the total volume of its residential real estate under construction.

A financial product created in conjunction with Distributed Registry Systems reduces the entry threshold for real estate investments by at least 50 times. As of July 2022, the average apartment area in new residential complexes is 50 square meters. This is far from "affordable" for everyone who wants to invest in real estate. CFA makes it possible to purchase one, two or more "squares" for each taste and wallet. That is, the owner of the CFA receives all the advantages of a real estate investor without buying actual housing and accompanying bureaucratic procedures, "said Alexei Fathudinov, director of the CFA of Ji-Group JSC.

For developers, the release of CFAs tied to the cost per square meter is an alternative source of funding for the implementation of their projects. The tool is convenient, fast and suitable for companies of all organizational and legal forms. The issue process for the issuer takes only a few hours, and the collection of investor applications for the full amount of CFA issued, depending on the volume of issue, from several hours to several days. Long preparatory and accompanying procedures, as in the case of the issue of securities, will not be required. We expect that a joint case with the Ji-Group company will open the way for the proactive development of the "digital housing" market, which will provide fundamentally new opportunities for both borrowers and investors, - said Sergey Ryabov, director of business development at Distributed Register Systems.