First Purchase of DFA for Gold for Digital Rubles Made in Russia

First Purchase of DFA for Gold for Digital Rubles Made in Russia

The transaction included the exchange of tokenized gold between the two parties using blockchain technology and digital settlement of the national currency.

Rosbank has successfully demonstrated a deal to exchange digital gold using a new form of national currency, according to a bank press release. The transaction was carried out on the Atomyze platform.

According to the bank, the operation to exchange “digital gold” using digital rubles was the first such transaction in Russia. It included the exchange of tokenized gold between the two parties using blockchain technology and settlements in the digital national currency.

The DFA for gold is a monetary claim, the price and volume of obligations for which depend on the dynamics of gold prices. The deal with the DFA for gold has already taken place before, but without the use of the digital ruble.

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