Blockchain platform Masterchain, VTB Factoring and GetFinance platform intend to jointly issue digital financial assets (DFA) and form digital liabilities portfolios with their help.

The parties agreed on the joint application of blockchain technology in the factoring and commercial finance market. According to the developers, digital portfolios of obligations are formed in the Masterchain blockchain network and are protected from changes, which allows ensuring the transparency and security of future transactions with CFA.

The Distributed Register Systems company plans to become the operator of the DFA information system on the Masterchain platform, VTB Factoring. GetFinance will take over the functions of the CFA exchange operator through the GetFinance platform.

The companies plan to jointly implement the concepts of full-fledged secondary circulation of DFA for different classes of investors and financial service providers. According to companies' estimates, the size of the CFA market in Russia may exceed 1 trillion rubles.

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Anton Musatov, the CEO of VTB Factoring

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The Law "On Digital Financial Assets", regulating cryptocurrencies, entered into force on January 1, 2021.

Original (in Russian)