Monetary claims;
securities”);
non-public JSC”); or
A right to demand a transfer of securities specified in a decision on the issuance of DFAs, provided that actions on issuance, accounting and circulation of all listed rights are performed in electronic form in an information system maintained by an operator of the information system (the “
Information System Operator”).
An example of DFAs may be stablecoins issued by a certain person (issuer) which meet the above requirements.
DFAs are the second type of digital rights recognized by Russian law. A year ago, on January 1, 2020, a so-called crowdfunding law
1 was enacted introducing practical (utility) digital rights, the acquisition of which allows the acquirer to demand the provision of intellectual property, goods and/or services (e.g. investment in a coupon or voucher which grants rights to obtain the respective goods, services and/or rights in future).