A Russian banking institution has issued a crypto token based on gold on its blockchain platform. The first of its kind in the blockchain, the value of the tokenized precious metal will depend on the price of physical gold. The largest bank in Russia, Sber, has announced that it is issuing gold-based digital financial assets (DFAs) on its own blockchain, Bitcoin.com reported. The coins were minted for Solfer, a holding company with expertise in precious metals manufacturing and trading. Companies are permitted to tokenize a variety of assets under the Russian law On Digital Financial...
source: https://tokenpost.com/Russias-Sber-Bank-launches-gold-based-crypto-assets-on-its-blockchain-9855
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