Senior Vice President of NOVIKOM, a subsidiary bank of the Rostec state corporation, Anna Lavrentyeva took part in the discussion “Digital financial assets (DFA) and tokenization of payments. New opportunities or…? The discussion took place within the framework of the conference “Digital Industry of Industrial Russia” (CIPR), which takes place from May 21 to 24 in Nizhny Novgorod.
Senior Vice President of NOVIKOM Bank Anna Lavrentyeva.
Senior Vice President of NOVIKOM Bank Anna Lavrentyeva.
A representative of NOVIKOM spoke about the growing interest in asset tokenization both from financial market participants and from high-tech industries and industrial enterprises. And NOVIKOM, a subsidiary bank of the Rostec state corporation, cannot stand aside.
The Bank is constantly searching for innovative financial instruments for its clients. Thanks to this, NOVIKOM is already actively working with digital financial assets. Thus, last year the bank completed a unique deal to organize the issuance of digital financial instruments on the platform of the information system operator Eurofinance Mosnarbank for an enterprise in the military-industrial complex, which demonstrated the openness and practical interest of high-tech organizations in the implementation of innovative products.
Among the advantages of this solution, the speaker noted access to markets that are not public to investors, transparency and accuracy of information on transactions with DFAs thanks to the digitalization of the process, as well as the ability to combine several financial instruments in one transaction and speed.
Answering the moderator’s question about what is missing for a more effective implementation of the tool, Anna Lavrentieva noted the lack of possibility of conducting transactions with DFA brokers and the regulatory uncertainty of procedures in the event of adverse events, including due to cyber threats. Taxation issues are a significant barrier; it is necessary to synchronize the taxation of transactions with digital financial instruments with traditional financial instruments.
“It is necessary to conduct financial literacy lessons, increase awareness and popularize tokenization tools. NOVIKOM is actively involved in this work, has extensive experience in educating entrepreneurs, is a guide in the development of the financial culture of SMEs, and is involved in raising awareness among market participants,” noted Senior Vice President of NOVIKOM Bank Anna Lavrentyeva.
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