Sberbank issued a loan secured by digital financial assets for the first time | November 21, 2023

Sber noted that the new lending procedure using DFA helps strengthen collateral and design more complex financing transactions that suit the client’s needs. Borrowed funds secured by the CFA were received by the Datsik group of companies, the owner of the Omega shopping center in Togliatti.

“The purpose of the trial loan issuance is to study customer experience, legal form and implementation mechanisms,” the bank said in a statement.

In November, the chairman of the committee State Duma on the financial market, Anatoly Aksakov informed Vedomosti of his intention to oblige DFA operators to integrate with each other or through exchange operators. According to him, such work is already underway, and its first results may appear in the first half of 2024. Legislative measures will push the market towards freer circulation of digital financial assets in different information systems, and not just in the one where they are issued, as is happening now, he said Aksakov.

In August, Vedomosti wrote that Sber became the first credit institution to issue a loan through a DFA against real property collateral. The issuer of the first such transaction was then the manufacturer of professional detergents and auto chemicals “TD Gracc”. The volume of the issued loan amounted to 100 million rubles. Deputy head of the board of Sberbank Anatoly Popov noted that he expects more such transactions and the spread of the practice of issuing loans through DFA.

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