MIL OSI Translation. Region: Russian Federation –
Source: Moscow Exchange – Moscow Exchange –
On September 24, 2024, the Moscow Exchange platform hosted the issue of digital financial assets (DFA) for charitable purposes.
The issuer of the CFA was the Voskresenie charity foundation, and the buyers were Russian credit organizations. The funds raised through the issue of the CFA will be used to finance the construction of a church in honor of St. Sergius of Radonezh in Cheboksary.
Anatoly Aksakov, Chairman of the State Duma Committee on Financial Markets: “At my suggestion, the idea of using advanced financial technologies in charity was implemented on the Moscow Exchange platform. This is a landmark event for the financial and charitable sectors. Moscow Exchange, together with the financial community, has developed a solution for fast and transparent financing of charitable projects using a new instrument for the Russian market – digital financial assets. This is an important first step. There is a lot of work ahead to further popularize this instrument, which will not only offer new opportunities to philanthropists, but also simplify the process of charity itself.”
Sergey Kharinov, Director of Digital Assets at Moscow Exchange: “The use of distributed ledger technologies in the charitable sector has a number of advantages, including transparency of operations, flexibility and speed of fundraising. Our plans include applying the successful experience of the first issue to create a digital platform based on it, which will provide an additional technological channel for fundraising for charitable organizations.”
In August 2023, the Moscow Exchange Group received licenses from the Bank of Russia to operate as an information system operator (NPO JSC NSD) and a digital financial asset exchange operator (PJSC Moscow Exchange).
Moscow Exchange is the largest Russian exchange, the only multifunctional platform in Russia for trading shares, bonds, derivatives, currencies, money market instruments and commodities. The Group includes a central depository, as well as a clearing center that performs the functions of a central counterparty in the markets, which allows Moscow Exchange to provide clients with a full cycle of trading and post-trading services.
Contact information for media 7 (495) 363-3232PR@moex.com
Please note: This information is raw content directly from the source of the information. It is exactly what the source states and does not reflect the position of MIL-OSI or its clients.
Please note; This information is raw content directly from the information source. It is accurate to what the source is stating and does not reflect the position of MIL-OSI or its clients.
https://www.moex.com/n73424
EDITOR’S NOTE: This article is a translation. Apologies should the grammar and or sentence structure not be perfect.