ST CPF System

Main article: Digital financial assets in Russia

2024: The CFA System platform is included in the register of Russian software

On January 10, 2023, SMART technologies presented the platform of the CFA information system operator - CFA System. The product is included in the register of Russian software (entry dated 26.12.2023 No. 20762).

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Digital Financial Assets (DFAs) is a digital programmable financial tool realized by means of. IT The release and circulation of CFA is a young phenomenon in the financial market. Their advantage is that they are created using distributed registry technology to store and secure transactions. This allows you to automate the execution of transactions through application. smart contracts The use of such technology opens up new horizons in the financial market. After analyzing the pros and cons of various solutions for creating a distributed registry kernel, the developers of the CFA. The system opted open source ON for Cosmos.

CFAs organically complement the capabilities created by the Bank of Russia in connection with the release of the digital ruble. Everyone wins:

• Issuers who promptly receive funds for business development tasks at lower interest rates;
• investors whose funds work faster, and this gives a chance to use assets with greater profits;
• groups of companies and holdings gain new opportunities within group financing and optimize relations with tax authorities;
• partner banks that are part of the CFA management system, reducing labor costs by automating work.

All participants reduce tax risks due to transparency, integrity and availability of information on transactions in the information system of the CFA Operator at any time.

Participation in the process of forming the CFA landscape is not only the realization of the company's IT ambitions, but also the opportunity to contribute to the transformation of banking, and therefore all processes of updating the country's economy. If in 2022 the CFA market was estimated at about 1 billion rubles, then in 2023 it grew 60 times. The figures indicate interest in the CFA, its prospects. We offered our tools, the viability of which was confirmed by the Ministry of Digital Development. Our next task is to earn the recognition of the players of the CFA market, - assessed the prospect of the CFA product. System Anton Efremov, Chairman of the Board of Directors of SMART Technologies.