Authors: D.R. Akhmatova, E.V. Shavina

Title of the article: Development of the digital financial assets market in Russia

Year: 2024, Issue: 4, Pages: 20-31

Branch of knowledge: 5.2.1 Economics

Index UDK: 330.341

DOI: 10.26730/2587-5574-2024-4-20-31

Abstract: Three years have passed since the adoption of the law on digital financial assets in July 2020. During these years, the DFA market volume reached more than 80 billion rubles, market participants appeared, the first transactions were carried out and development directions for the emerging DFA market in Russia were outlined. The growth of the digital financial assets market is one of the key areas of development of the Russian economy, supported by the Government and the Bank of Russia, with the potential to grow to 1-3 trillion rubles by 2030. In the article, the authors present an analysis of the theoretical foundations of digital financial assets and formulate a definition of DCFA. Quantitative and qualitative analyses of the current state of the market were carried out, the main challenges and problems were identified. As a result, measures aimed at overcoming the identified difficulties and stimulating sustainable growth of the digital financial assets market in Russia are presented. The conducted research can be used to reduce the conceptual barriers of potential investors and issuers, thereby increasing the level of confidence in the instrument and positively influencing market liquidity.

Key words: Digital financial assets financial market blockchain smart contracts market of financial instruments underlying assets financial technologies innovations

Receiving date: 02.10.2024

Approval date: 12.11.2024

Publication date: 05.12.2024

CITE DOWNLOAD