Alfa-Bank Issues Tokenized Real Estate Units on KazanMall with A-Token Platform
Alfa-Bank recently tokenized the square meters of KazanMall, a combined shopping and entertainment complex, marking a first on its A-Token platform. The issuer behind this transaction is the owner of the mall, a development holding company tied to G-Group. This development was announced by the bank’s press team.
The digital asset price is set at 5.5 thousand rubles, with a cap on the maximum settlement volume at 350.3 million rubles. The digital asset has a one-year maturity, and expected annual profitability exceeds 14.5 percent, with upside potential uncapped for investors.
Alfa-Bank clarified that the core concept of these deals is to tokenize rental income generated by commercial real estate. Investors gain exposure to the income stream tied to the property rather than the physical asset alone.
By acquiring digital square meters of the commercial real estate, investors participate as if they are virtual owners of a portion of the property. The approach provides a route to exposure to rental income without the direct responsibilities of property management and maintenance, while the return is defined by the net operating income per share of the property area.
The A-Token platform, which is the bank’s own digital asset platform for financial services, has already issued 112 DFAs with a total volume of 53.83 billion rubles. This accounts for more than half of the total DFA market volume in Russia, which surpasses 85 billion rubles.
The bank noted that investor rights are protected through a monthly distribution mechanism. Payments to investors come from the rent flows managed by a supervising entity and are directed toward a collateral account held by Alfa-Bank for targeted use. This structure aims to safeguard the ongoing cash flows that back the tokenized assets.
DFAs are available to Alfa-Bank clients who meet the criteria of qualified investors, enabling access to digital property-backed income streams within a regulated framework.