The Russian Ministry of Finance plans to launch digital financial assets for gold in 2025. How said Deputy Finance Minister Alexey Moiseev, digital financial assets for gold will be used to conduct international settlements and finance domestic companies.
The official noted that the demand for digital financial instruments continues to grow and the issue of assets backed by gold will be an important stage in the development of the state’s financial sector.
He emphasized that throughout history, gold has been considered the most reliable asset, and its use as a guarantee of trust in new instruments. It should be noted that digital financial assets backed by gold are not new to the domestic market, as Sber was the first to issue such instruments in 2022.
According to Alexey Moiseyev, the introduction of digital financial assets for gold will reduce dependence on the US dollar and euro in settlements, and will also open up new opportunities for attracting capital from friendly countries.
Companies, in turn, will be able to receive financing through more accessible and stable mechanisms, using digital financial assets for gold, the Deputy Minister of Finance of the Russian Federation concluded.