CLAUDE

Gold-Backed Digital Assets Were Issued By Russia's Biggest Bank

The first gold-backed digital financial assets were issued by Russia's biggest bank, Sber (previously Sberbank) (DFAs). Gold-backed DFAs represent certified monetary rights whose price and volume rely on gold prices. In July, Sber issued three-month assets worth 1 billion roubles.

• by Rebeca Moen
• Dec 27, 2022