Russia Greenlights RWA Tokenization as Property and Shares Go On-Chain

• The plan was put together by the Ministry of Finance and the Bank of Russia.
• It forms a national system for creating and trading digital tokens backed by real assets
• Russia’s tokenized asset market could exceed 13 trillion rubles ($138 billion) by 2030.

The Russian government has given the green light to a plan that lays out how to turn real-world assets (RWAs) into digital tokens. It was put together by the Ministry of Finance, the Bank of Russia, and federal executive authorities.

As part of a larger push to bring blockchain technology into the mainstream economy, this new policy establishes a national system for creating and trading digital tokens backed by real assets. These can include everything from property and stocks to patents and other valuable rights.

Government officials say the plan is designed to: 

• Bring more digital innovation into the economy by using blockchain to manage who owns what.
• Make it easier and cheaper to buy and sell assets, especially for smaller investors.
• Help banks and lenders keep a better track of collateral and reduce risk in their loan portfolios.
• Create new kinds of digital assets that represent ownership and can be traded on blockchain networks.

The first part of the rollout will focus on assets that don’t already have to be officially registered with the government, like certain types of property and ownership rights.

Related: Russia’s Crypto Framework Set to Roll Out by July 2026

Russia’s Expansion of Digital Asset Regulations

Earlier moves by Russian regulators likely contributed to today’s announcement. For instance, at the end of last year, the Bank of Russia updated its rules for digital financial assets (DFAs). Now, both experienced and everyday investors can buy tokenized assets within certain limits and protections. This shows support for building a regulated digital asset market.

In general, Russia is steadily softening its approach to crypto and blockchain. Recent steps include lawmakers in the State Duma working on clearer rules for how digital assets are classified and who can invest in them.

Additionally, there is also growing discussion about writing formal laws that would bring crypto and tokenized assets into the country’s official financial system.

This new plan for tokenizing RWAs builds on Russia’s earlier crypto rules, but focuses specifically on digital versions of physical assets and not just regular cryptocurrencies.

Analysts in Russia predict the country’s tokenized asset market could grow dramatically over the next few years, possibly exceeding 13 trillion rubles (around $138 billion) by 2030, as more players enter the space and the rules become clearer.

Related: Russia Drafts Bill to Expand Crypto Trading for Retail Investors