Russia Approves Framework for Real-World Asset Tokenization

Russia’s government has reportedly formally approved a framework to tokenize real-world assets—including real estate and intellectual property (IP)—using blockchain technology.

According to CoinDesk on the 13th (Korea time), Russia’s Ministry of Finance said the government has approved the “Real-World Asset Tokenization Framework,” prepared jointly with the central bank and federal executive agencies. Implementation of the framework is already under way.

The initiative aims to introduce distributed ledger technology (DLT) into financial infrastructure to boost liquidity in traditional assets and reduce transaction fees. The Russian government expects the initiative to expand retail investors’ access to financial products and improve the soundness of collateralized loan assets held by financial institutions.

In its initial stage, the initiative will run tokenization pilot projects targeting property rights and intellectual property rights that do not require mandatory state registration.

Going forward, Russia also plans to pursue the tokenization of securities and corporate equity stakes.