T-Bank Issues DFA Backed by Bitcoin

🔳T-Bank has become the first in Russia to offer digital financial assets (DFAs) pegged to Bitcoin. The issuance, totaling 1,000 DFAs, is equivalent to one Bitcoin and is designed for a one-month term. The asset can be purchased via the “T-Investments” app, but only by qualified investors. The price is calculated in rubles based on an aggregated rate from several platforms and the official dollar exchange rate.

🔳The investor will receive 2% more upon maturity, but early redemption is not allowed — only resale on the secondary market is possible. The emergence of such instruments became feasible after clarifications from the Bank of Russia. Experts believe that crypto-backed DFAs could become part of hedging and asset diversification strategies.