Bank Of Russia Registers Country’s First Digital Asset Manager Atomyze

Russia Registers Atomyze
Russia Registers Atomyze

The Bank of Russia has officially registered tokenization service Atomyze as the country’s first digital asset management company, the central bank officially announced Thursday.

The central bank made the announcement after making sure that the rules of Atomyze’s information system and technical implementation are compliant with Russian law.

Following the announcement, Atomyze will be able to provide clients with an opportunity to issue digital financial assets on its platform and gain “new types of assets in the tokenized form.” The organization will be also enabled to “independently carry out exchange operations within its platform” as the rules of DFA exchange are “built into the information system rules.”

“In order to further develop the DFA, the Bank of Russia has formulated proposals for improving the regulation of such assets and their taxation, which will increase the attractiveness and applicability of digital financial instruments. In the near future, these proposals will be submitted for discussion in the form of a regulatory consultation report,” the central bank noted.