MTS released digital financial assets on its own platform "CFA Hub"

2023: CFA issue for 240 million rubles

On December 14, 2023, MTS announced that it had carried out another issue of digital financial assets (CFA) worth 240 million rubles - the debut for the CFA Hub blockchain platform, the developer and creator of which is a subsidiary of MTS - Blockchain Hub LLC.

The CFA for MTS monetary claims was placed on December 14, 2023 in the amount of 240 million rubles at a floating rate with a maturity of one year. The investors were MTS Group companies - MGTS PJSC and MTT JSC. The purpose of the placement is to tokenize and automate intra-group loans and manage the Group's liquidity.

"The release of MTS CFA on its own platform" CFA Hub "opens up new opportunities for the company to issue digital assets for the implementation of internal tasks of cache-pulling and free liquidity management of MTS Group. This will help to work out the internal processes of technological and methodological interaction between the Group companies and the platform, including for successful interaction with external participants, future users of the platform, "said Alexander Smirnov, Director of the Corporate Finance and Treasury Department of MTS.

"CFA is one of the most promising tools for the development of the financial market, and MTS plans to use the platform to issue digital assets mainly on its own platform, interesting not only to solve the internal tasks of the MTS Group, but also to attract professional market participants, as well as retail investors, including clients of our ecosystem," added Smirnov.

Legal entities and individual entrepreneurs can become users of the platform (issuers and investors), the role of a nominal holder for organizations with a license to carry out depository activities is provided. The connection of individuals as investors is planned in early 2024. Among the available types of CFA are monetary requirements and hybrid CFAs, which simultaneously include monetary requirements and utilitarian digital rights.

The ZFA Hub platform is implemented as a designer of financial products and allows, through a combination of technical capabilities of smart contracts and proven legal structures, to create original solutions for both corporate business and financial market players. This approach allows you to quickly check and launch new products customized to the requirements of specific industries or even individual companies, "said Igor Kuzmichev, CEO of Blockchain Hub. - At the same time, we see the value of such CFA products in the ability not only to solve the problems of companies to attract financing, but also to meet the requests of investors in the placement of free funds. Especially such a need is relevant for individuals with little experience in finance, whose access to many interesting tools is limited. Therefore, in 2024 we will add a whole line of products to the CFA Hub platform, which will definitely attract the attention of retail investors. "