Alfa-Bank: A-Token

The main articles are:

• Cryptocurrencies in Russia
• Digital financial assets in Russia

A-Token is a platform for working with digital financial assets. The platform allows you to place free liquidity or participate in raising capital of companies to all categories of investors - individuals, financial institutions and professional market participants.

2023

Alfa-Bank began using its CFA platform to work with non-residents

On December 12, 2023, it became known that Alfa-Bank had prepared its own platform for the release of digital financial assets (CFA) for working with non-residents. The project was implemented within the framework of the law, which will allow the use of digital rights in settlements in foreign trade.

As of the end of 2023, it is prohibited in Russia to use digital rights in settlements. At the same time, a bill has been prepared that allows the use of CFAs, including utilitarian ones, as counter-provision within the framework of foreign trade activities. According to Anna Shapovalova, head of the CFA platform of Alfa Bank, transactions with non-residents are planned to be organized in 2024.

Alfa-Bank has prepared its own platform for issuing CFA to work with non-residents

We have finally implemented the possibility of working with non-residents in the context of discussing the possibility of using digital rights in cross-border settlements. This is also an important case for us, we have the first non-residents on the platform, "Shapovalova quotes Interfax.

The bank notes that the Russian CFA market is rapidly gaining momentum. Over the year (by the end of 2023), its total volume reached 58 billion rubles, the number of issues - 198, and the number of information system operators increased to 10. This interest is due to the fact that CFAs give new advantages to traditional market participants: in addition to simplicity, instant calculations, low operational risks and costs, a secondary transaction market is available to all investors around the clock.

By the end of 2023, 10 CFA information system operators were registered in Russia. These include the sites of Sberbank, Alfa-Bank, Promsvyazbank, Eurofinance Mosnarbank, NSD, Atomyze, Masterchain, Lighthouse fintech companies, SPB exchanges and Blockchain Hub (a subsidiary of MTS). At the same time, only the Moscow Exchange has the status of a CFA exchange operator .^[1]

How Alfa-Bank provides access to the CFA market based on Russian blockchain technologies

A landmark market event Russian financial in 2023 was the launch Alfa-Bank of A-Token's own digital asset platform. Thanks to the technological support of the company, Web3 Tech bank it provided market participants with a reliable high-performance solution for creating a wide variety of financial products and conducting transactions with them. As of September 2023, placements totaling more than 8 billion were carried out on the platform. rubles Read more here [1]

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