Stellar

Sberbank will launch its own token

Navigation

Banking Giant Sberbank May Launch Token Digital Asset Trading Platform

Sberbank will launch its own token

Sberbank will launch its own token
CONTENT

  • "Sberbank" thought about issuing a ruble stablecoin

  • Token "Sberbank" can be used as a means of payment

  • "Norilsk Nickel" also prepares to tokenize products

International consortium of news organizations developing transparency standards.

The largest bank in Russia does not exclude the possibility of issuing its own token for settlements for digital financial assets. This opinion was voiced by Sergey Popov, Director of the Transaction Business Division of Sberbank.

Sberbank will launch its own token

Sberbank is going to issue a ruble stablecoin

Director of the Transaction Business Division of Sberbank Sergei Popov said that the adoption of the new law “On Digital Financial Assets” allows the issuance of tokens for settlements for the digital financial institution. In this regard, Popov does not exclude the possibility of launching a certain stablecoin, which will be pegged to the ruble exchange rate and will correspond to the national currency of Russia in a 1: 1 ratio.

“Probably, we can issue a token based on the law that was adopted. As the use of cryptocurrencies grows, new types of tokens appear. They can represent value or something intangible like voices. Two … More, which we can peg to the ruble, such a corresponding stablecoin. With … More, which can become the basis, a tool for settlements for some other digital financial assets, “Mr. Popov told reporters.

As the expert explains, digital rights are understood as digital rights, including monetary claims, the possibility of exercising rights for equity securities, the right to participate in the capital of a non-public joint-stock company and the right to demand the transfer of equity securities. At the same time, the law separates digital currency from digital currency, which is prohibited as a means of payment in Russia..

Tokenization in Russia has already begun

Let us remind you that Sberbank is not the first company to announce the possibility of issuing its own tokens. Earlier this opportunity was also voiced by the management of the Nornickel holding. Specialists have already developed the Atomyze platform based on the Hyperledger Fabric blockchain technology. The platform has passed testing and approbation in the “sandbox” of the Central Bank of Russia and received many positive responses.

Atomyze technology is based on a distributed ledger that allows physical assets, in particular metals, to be digitalized, and accelerates the trading process through fast (instant) processing of data. President of PJSC MMC Norilsk Nickel Vladimir Potanin previously reported that the introduction of a blockchain platform and the issuance of tokens, backed by the cost of metal, will allow the company to sell 20% of all manufactured products. With the help of tokenization, Norilsk Nickel is going to solve two global problems: to reduce administrative costs and track materials throughout the supply chain, as well as to improve customer relations.

Sberbank will launch its own token

In addition, today, tokenized diamonds, gold and other things can be purchased on international platforms. In order to organize the tokenized trade in diamonds, a number of necessary measures were taken, such as labeling, certification and others. Before being marked, all diamonds are certified by the Gemological Institute of America (GIA) and then sent to the Gemstone Certification and Certification Laboratory (GCal), which verifies the GIA certificate and provides a guarantee.

There are also tokens on the market, backed by fish stocks, the cost of toilet paper, and others..

Disclaimer

All information contained on our website is published in good faith and objectivity, and for informational purposes only. The reader is solely responsible for any actions he takes based on the information received on our website..

Share Article

Similar articles

  • America is drowning in its own money. Salvation – Bitcoin

    America is drowning in its own money. Bailout – Bitcoin CONTENTS Bitcoin May Become an Alternative to the Dollar DeFi Will Open New Opportunities for…

  • Shares of Norilsk Nickel, which tokenizes…

    The shares of Norilsk Nickel, which tokenize the metal, have grown in price CONTENTS The head of Norilsk Nickel is recognized as the richest man in Russia The company is going…

  • Comp token rises 25% as bitcoin continues to decline

    Comp token up 25% as bitcoin continues to decline CONTENT Comp token up 200% in less than a week Bitcoin continues to decline in…

  • Uniswap token updated maximum…

    Uniswap token renewed its maximum amid the hype in the DeFi industry CONTENTS Uniswap platform token updated its historical maximum UNI briefly surpassed…

  • An analogue of SWIFT launched in Europe…

    An analogue of SWIFT was launched in Europe with support for cryptocurrency payments CONTENTS The new interbank settlement system supports cryptocurrency transactions and…

Similar articles

  • America is drowning in its own money. Salvation – Bitcoin

    America is drowning in its own money. Bailout – Bitcoin CONTENTS Bitcoin May Become an Alternative to the Dollar DeFi Will Open New Opportunities for…

  • Comp token rises 25% as bitcoin continues to decline

    Comp token up 25% as bitcoin continues to decline CONTENT Comp token up 200% in less than a week Bitcoin continues to decline in…

  • Uniswap token updated maximum…

    Uniswap token renewed its maximum amid the hype in the DeFi industry CONTENTS Uniswap platform token updated its historical maximum UNI briefly surpassed…

  • BNT Token Soared 22% When…

    BNT token skyrocketed 22% when Bancor announced liquidity mining in CONTENTS Bancor developers unveiled their own mining counterpart…

  • Shares of Norilsk Nickel, which tokenizes…

    Shares of Norilsk Nickel, which tokenizes the metal, have grown in price CONTENTS The head of Norilsk Nickel is recognized as the richest man in Russia The company is going…