Moscow Exchange (MOEX), a Russian-based stock exchange, plans to launch a product based on digital financial assets by the end of the year.
While the crypto industry is developing rapidly, new applications are being launched in the digital finance world. MOEX is also working on making moves on digital assets.
Moscow Stock Exchange to Launch Digital Asset Application
A senior representative of the Moscow Stock Exchange said in an interview that the exchange plans to launch a product based on digital financial assets (DFA).
Despite the market volatility experienced by cyber attacks and sanctions against Russia, the company is preparing for a new application. The digital assets, which are scheduled to be launched towards the end of 2022, will include certain cryptocurrencies, according to statements from Russian officials.
Andrey Burilov Tass, General Manager of Information Technologies and Member of the Board of MOEX, who worked with one of his partners to realize a project on digital assets, stated that the partner is a company from the real economy and said the following on the subject:
“The main point here is to connect the company’s fixed assets to the investment market using digital technologies.”
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