The Moscow Exchange plans to create an exchange order book for digital financial assets (DFA) in order to develop the secondary market. The order book reflects orders to buy or sell an asset. The platform aims to attract market makers, including large banks, to ensure liquidity and price stability, writes Vedomosti.

The Moscow Exchange intends to create a DFA order book

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For a successful launch, it will be necessary to develop uniform standards for evaluating tools and introducing information and data services. This will allow investors to view and analyze the entire asset portfolio.

The first pilot project of integration with an external operator for DFA production is planned for the coming months and 1 or 2 more operators will be connected by the end of the year. The Central Bank registry already has 11 platforms for the issuance of digital financial assets, including large banks.

The platform predicts DFA market growth between 5 and 10 trillion rubles in 2027-2028. However, the forecasts of the Expert RA and ACRA rating agencies are more conservative and analysts expect growth of up to 500 billion rubles by 2026.

Author:

Karina Pardaeva

Source: RB

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