Russia’s Central Bank Considers Tokenizing Russian Stocks, But for Foreigners

Why It Matters

Additionally, the Moscow Exchange is set to expand its crypto offerings, further diversifying its efforts to attract global investors.

Summary

Russia's Central Bank is exploring the possibility of tokenizing domestic company shares to facilitate foreign investment, despite ongoing sanctions from the EU and U.S. The initiative, announced by Bank of Russia first deputy governor Vladimir Chistyukhin, hinges on the cooperation of foreign partners willing to issue tokenized Russian assets abroad. With the Moscow Exchange's IMOEX index down 34% since early 2022, this move could provide a crucial channel for capital inflows, potentially revitalizing the beleaguered Russian equity market while circumventing Western sanctions. Additionally, the Moscow Exchange is set to expand its crypto offerings, further diversifying its efforts to attract global investors.