Blockchain-Based Digital Assets to Revolutionize Real Estate Investment in Moscow
The Moscow Exchange is planning to issue blockchain-based digital financial assets (DFA) by 2024, with the goal of democratizing real estate investment.
This will provide benefits like lower entry threshold, minimum returns, a hedge against inflation, and profits linked to the rising cost of square meters in housing complexes.
National Settlement Depository (NSD), Sberbank of Russia, Alfa Bank, St. Petersburg Exchange, and Blockchain Hub, have been authorized by the Bank of Russia to manage and issue these digital assets.
The initiative intends to facilitate programmable transactions, which can streamline the investment process and reduce entry barriers for both retail and qualified investors.
The CBR is insisting on independent audits to build security in this innovative form of real estate investment.