MILES AXLE Translation. Region: Russian Federation –
Source: Moscow Exchange – Moscow Exchange –
October 11, 2024 on the Moscow Exchange platform The first issue of digital financial assets (DFA) on a work of art, the work Yuri Zlotnikov (1930-2016) from the series “Protosignals”.
The issue volume was 900 CFAs with a yield of 22% per annum. The issuer of the CFAs was SELF SOFT PRODUCTION LLC, a company specializing in the creation of asset tokenization platforms and acting as the administrator of the investment art marketplace MyInvest.Art.
Sergey Kharinov, Managing Director for Digital Assets at Moscow Exchange:
“The issuance of digital financial assets for art objects is an important stage in the development of financial technologies and the spread of securitization mechanisms into new business segments. In the long term, this will allow investors to be provided with a wide variety of financial products that will expand the possibilities for diversifying their investments.”
Vladimir Shabason, founder of the MyInvest.Art platform:
“This is the first successful tokenization of a contemporary art piece in Russia, and we are proud that our team made this step possible. We are confident that this project opens a new era of investment in contemporary art, making it accessible to a wide range of investors. We plan to offer investors new products that will allow them to earn on the growth in the value of works of art.”
On August 3, 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.