Sberbank To Issue NFTs Based On Its CFA Platform

Sberbank To Issue NFTs Based On Its CFA Platform

Sberbank To Issue NFTs Based On Its CFA Platform

The Russian bank Sberbank will issue non-fungible tokens based on its platform for digital financial assets

Sberbank plans to open access to its Digital Financial Assets (DFA) platform for retail investors at the end of 2022. This is reported by Interfax with reference to the deputy chairman of the board of the bank Anatoly Popov.

In addition to the DFA, the bank also intends to issue non-fungible tokens (NFTs), as they are still in demand. Popov, however, did not specify whether the NFTs will be created on some kind of blockchain, or on a centralized registry. He said:

“Further development of accessibility for individuals is the next stage. And such, probably, the next important stage is the emergence of NFTs, because we see demand.”

In the future, Sberbank wants to make sure that any legal entity can place its tokens, and another legal entity can buy them. It remains unclear whether access to such tokens is planned for retail investors. So far, the bank plans to open public access to the platform in early October.

In mid-March, the Central Bank of the Russian Federation added the Sberbank CFA platform to the register of information system operators.

Information system operators included in the register can issue and control the circulation of digital financial assets (DFA) in accordance with the law “On digital financial assets, digital currency and on amendments to certain legislative acts of the Russian Federation”.

Fortune analysts admitted that with the help of the CFA, the Russian bank wants to overcome the sanctions difficulties.

Recall that earlier the European Union tightened sanctions pressure on Sberbank. According to the latest changes, the Russian bank was blacklisted by companies whose accounts are blocked in the West. Read about how the media mistakenly pumped the fake cryptocurrency of Sberbank in the BeInCrypto editorial material.

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