TechFlow, October 13 — According to Cryptonews, the Central Bank of Russia wants to use tokenization solutions to enable foreign investors to purchase shares of domestic Russian companies.
Vladimir Chistyukhin, First Deputy Governor of the Central Bank of Russia, said at a financial forum that tokenization is a "possible option," but requires technological and platform solutions from overseas partners. He noted that foreign entities would need to take responsibility for tokenizing Russian assets and conducting trading abroad.
Earlier, in late September, Sergei Shvetsov, Chairman of the Moscow Exchange's Supervisory Board, proposed a similar idea, stating that overseas investors are interested in buying Russian stocks and that tokenization does not rely on "sanctioned infrastructure," making it a viable solution to circumvent sanctions.
Officials from Sovcombank, a Russian banking group, expressed support for the initiative, viewing tokenization as a suitable tool for investors from BRICS nations or "friendly countries" such as the UAE, Kazakhstan, and Armenia. Alexey Korolenko, Executive Director of Cifra Markets, deemed the proposal "entirely feasible," but warned that reliability across the entire ownership and tokenization chain must be ensured.
