The Bank of Russia has released a report highlighting the potential benefits of tokenizing real-world assets. It acknowledges that tokenization can increase liquidity and streamline traditional asset management and trading. However, the report also emphasizes the need for a clear regulatory framework and addresses the uncertainty surrounding tax implications. The central bank states that there is currently no universally accepted definition or classification for tokenized real-world assets, and countries have yet to agree on a common regulatory approach. The bank notes that Russia's digital rights framework is suitable for tokenization but acknowledges that further examination is needed for individual assets. Despite reservations, the Bank of Russia has established a regulatory sandbox for testing innovative financial technologies and has invited public comments on tokenizing real-world assets.



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