The Moscow Stock Exchange is planning to introduce a digital financial asset (DFA) for real estate assets in 2024. This move aims to make investing in real estate more accessible by lowering the entry barrier for investors. The National Settlement Depository (NSD) will oversee the issuance of these DFAs, which will be traded on the Moscow Stock Exchange. DFAs are blockchain-based digital rights that represent tokenized versions of real-world assets, such as real estate properties. While DFAs cannot be used as a means of payment in Russia, they offer advantages such as the ability to divide the value of a security into multiple tokens and execute programmable transactions. The issuance of real estate DFAs is expected to benefit both builders and investors, as builders can raise funds directly and investors gain access to real estate investments with a lower entry threshold. Some developers have already expressed interest in launching DFAs for real estate and are in talks with the Moscow Stock Exchange. These financial instruments are anticipated to appeal to both qualified and unqualified investors, allowing those with limited capital to participate in the real estate market. DFAs can also act as a hedge against inflation, providing investors with the potential to save for future real estate purchases. It is unclear whether retail investors will have the same level of access to real estate DFAs on the exchange as they did previously.

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Information	Details
Geography	Europe
Countries
Sentiment	neutral
Relevance Score	1
People	Sergei Kharinov
Companies	National Settlement Depository, Lighthouse, Blockchain Hub, Bank of Russia, Moscow Stock Exchange, Alfa Bank, St. Petersburg Exchange, Sberbank of Russia
Currencies	None
Securities	None