The Bank of Russia grants the first digital asset management license to a tokenization service backed by the second-richest individual in Russia.
The Bank of Russia has registered tokenization service Atomyze as the country’s first digital asset management company, the central bank officiallyAccording to the announcement, the Bank of Russia has formally deemed the rules of the company’s information system and the platform’s technical implementation as being compliant with the Russian law.
The registration enables Atomyze to provide its clients with an opportunity to issue digital financial assets, or DFA, on its platform as well as obtain “new types of assets in the tokenized form.” The organization will be also enabled to “independently carry out exchange operations within its platform” as the rules of DFA exchange are “built into the information system rules.”
“In order to further develop the DFA, the Bank of Russia has formulated proposals for improving the regulation of such assets and their taxation, which will increase the attractiveness and applicability of digital financial instruments. In the near future, these proposals will be submitted for discussion in the form of a regulatory consultation report,” the central bank noted.
According to Atomyze's website, it is a Russia-based blockchain firm focused on “digitization of various assets and processes though distributed ledger technologies including, but not limited to DFA.”
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