Catenaa, February 14, 2026 – Russia has officially approved a national concept to enable the widespread adoption of asset tokenisation. The framework aims to bring traditional assets onto blockchain infrastructure under state supervision.
The initiative was drafted by the Ministry of Finance in coordination with the Central Bank of Russia and executive authorities. It focuses on tokenising property rights, intellectual property, securities, and shares in limited liability companies.
Tokenisation turns ownership rights into digital tokens recorded on distributed ledgers. Proponents say this can widen investor access, lower transaction costs, and increase liquidity for traditionally illiquid assets.
For investors, the policy could expand the investable asset universe in Russia. Officials expect tokenisation to help create new asset classes and channels for capital formation.
The global market for tokenised assets is growing rapidly. According to industry data, the tokenised asset market worldwide recently surged to more than $6.1 billion in value.
Domestic digital financial assets have already shown meaningful activity. Russian issuance of digital financial assets (DFAs) reached approximately 119 billion rubles (about $1.5 billion) in a single month in 2025, driven by major lenders such as Sberbank.
However, tokenisation carries structural challenges. Academic research warns liquidity remains a key hurdle for real-world assets on blockchain, with limited secondary trading and market depth in many cases.
Regulatory clarity is another concern. Even within Russia, legal uncertainty has historically constrained the development of novel financial instruments. The existing digital financial assets regime requires further refinement to fully unlock the potential of tokenisation.
Russia’s approval of a national tokenisation framework places it among the handful of countries pushing state-led digital asset innovation. But geopolitical barriers and sanctions may limit foreign institutional participation.
The long-term impact will hinge on execution, market infrastructure, and investor confidence. If successful, tokenising assets could reshape capital formation and expand access to diversified investments.
