VEB.RF, headed by Igor Shuvalov, partners with commercial banks to finance projects focused on infrastructure development, industry, social welfare, technological advancement, and the improvement of people's quality of life. Aksakov stressed the importance of the venture capital market for long-term economic growth, expressing the intention to explore innovative financing models using DFAs.
While concrete decisions regarding DFA usage have not been made, VEB.RF has ideas, such as the issuance of DFAs in venture projects, granting buyers priority rights to the product under development by the startup as they enter the market.
Aksakov emphasized the significance of shared risk between investors and development institutions in project-based financing. VEB.RF believes this approach will make DFA investments more comfortable for a wider range of investors.
Often, investors hesitate to engage in projects due to legal uncertainties about whether specific payments will be made. Aksakov noted that the "irreversibility of blockchain" in DFA transactions provides participants with greater confidence that they will receive the expected payouts.
The market for information systems producing DFAs in Russia exceeded 25 billion rubles as of September, with 51 DFA issuers and over 45,000 users connected to the information system. To date, 108 DFA issuances have taken place.