The first issue of digital financial assets (CFA) for gold took place on the Beber blockchain platform. The investor in the transaction was Solfer LLC, a diversified holding company in the field of trading and processing of metals, production of precious metal products.
CFA is a financial instrument in a digital format. Their release, accounting and circulation are carried out on the basis of a distributed registry (blockchain technology), which guarantees the immutability of data. CFA for gold is a CFA for monetary claims, the price and volume of obligations for which depend on the dynamics of gold prices.
Alexander Vedyakhin, First Deputy Chairman of the Management Board of Sberbank:
"The deal demonstrates the interest of the market and the real sector of the economy in a new instrument that can become a good alternative to investments in the framework of de-dollarization of the economy. We expect an active growth in the number of corporate clients on our platform and plan to expand the product line of digital financial assets."
Maxim Nazhmetdinov, General Director of Solfer LLC:
"Our company's activities are related to precious and other types of metals. We were attracted by the new digital format of working with gold, and we decided to test a new way to diversify the company's balance sheet. The deal was implemented in a short time. We think the new format of investments in precious metals can occupy its niche in the market."
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