Russian Technology

Sberbank and SberStrakhovanie issue digital financial assets for space launches

On the Sberbank digital asset platform, SberStrakhovanie is the first company on the market to issue digital financial assets (DFA) that hedge risks associated with space launches. They will be available for purchase by legal entities — qualified investors in relation to DFA. Sberbank representatives told CNews about this.

A total of up to two thousand DFAs will be issued. The purchase price of 1 DFA upon issue is five thousand rubles, the maximum possible yield to maturity will be 4%. If the launch of the spacecraft is successful, the investor will receive 5.2 thousand rubles for 1 DFA, if the launch is assigned the status of “emergency” or “partially successful” – 200 rubles. If the launch from the cosmodrome is canceled or postponed until after the end of the DFA circulation period, investors will receive five thousand and one ruble for each DFA.

The placement of digital financial assets will last from 9:00 Moscow time on September 4, 2024 until 18:00 Moscow time on September 8, 2024. The redemption period will be from September 23 to September 28, 2024.

Anatoly Popov, Deputy Chairman of the Board of Sberbank: “The first issue of “space” digital financial assets is timed to coincide with September 11. On this day, the Soyuz-2.1a launch vehicle with the Soyuz MS-26 manned spacecraft will be launched from the Baikonur Cosmodrome to the International Space Station. Digital financial assets are a completely new tool for the Russian insurance market. It is very symbolic that the first issue in this area is related to space, since the most breakthrough and progressive technologies are associated with its development. Digital financial assets are also progress in the financial sector. Our digital asset platform is currently gaining momentum and attracting more and more Russian companies representing various industries.”

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Mikhail VolkovCEO of SberStrakhovanie: “Space exploration plays a key role in expanding our understanding of the Universe and opens up new horizons for the development of science and technology. The dream of becoming an astronaut inspires millions of people around the world, but not everyone can do it. Our project is designed to expand the number of organizations – qualified investors who can invest in ensuring the sustainability of the Russian space industry. By acquiring digital financial assets, companies invest in improving high technologies, strengthening the country’s economy and increasing its competitiveness.”

DFA is a financial instrument in digital format. The issue, accounting and circulation of such instruments are carried out in an information system based on a distributed registry (blockchain technology), which guarantees the immutability of data. DFA is a high-risk product, and its acquisition may lead to the loss of the deposited funds in full. Before purchasing digital assets, you must read the risk declaration.


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