Alfa-Bank announced the launch of its own A-Token platform for working with digital financial assets (DFA), the bank’s press service reports.
“We believe in the development of the DFA aspect, we see the effectiveness of technology and its ability to transact directly with the customer, reducing costs and risks. Denis Dodon, Chief Innovation Officer of Alfa-Bank, said that thanks to the bank’s expertise, it will not only work with professional investors and companies, but also digital assets to private individual customers and clients. We will make it popular among existing investor customers.”
The bank noted that the creation of such a platform is possible due to its inclusion in the registry of operators of the Central Bank information system.
“Such a platform will help provide free liquidity for all categories of investors – individuals, financial institutions and professional market participants – or help companies participate in raising capital. Alfa-Bank will offer functionality for market issuers and also plans an option when the bank itself becomes the issuer.
Bank customers will be able to access the A-Token platform directly from within the app. The bank also announced that A-Token will issue two types of digital financial instruments: equivalents of traditional financial instruments in the form of monetary demands, and fundamentally new investment instruments that are unique in the market. For example, tokenization of physical assets, including precious metals. A pilot release is planned for the end of February.
Source: Gazeta
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