TechFlow, July 4 — According to Russian state news agency TASS, Russian state-owned manufacturing group Rostec plans to launch a ruble-pegged token called RUBx and a payment platform named RT-Pay by the end of this year. Each RUBx will represent one Russian ruble held in a treasury account, with Rostec serving as the sole issuer and operator.
The token will be built on the TRON blockchain. Rostec intends to publish the contract code on GitHub and has engaged blockchain security firm CertiK for an independent audit. The RT-Pay platform will connect directly to Russia’s banking system, enabling businesses and individuals to transfer funds within seconds—even outside business hours—or lock funds in smart contracts. The project will roll out in phases, initially targeting industries with high payment friction before expanding further.
