The Tokeon platform (part of the Promsvyazbank group) has executed Russia’s first pilot transaction using a foreign digital right (FDR) that has been qualified as a digital financial asset (DFA) under Russian law. The asset used was the ruble-pegged stablecoin A7A5, issued in February 2025 in Kyrgyzstan and backed 1:1 by ruble deposits.

To obtain DFA status, Tokeon’s information system and the A7A5 documentation were aligned with the requirements of Russian legislation and the Bank of Russia. Under the pilot, rights to A7A5 were transferred from a liquidity provider to a Russian importer via a “wrapped token” mechanism recorded on a public blockchain.

Russian companies may now use A7A5 to settle cross-border trade contracts: they register on Tokeon as investors, purchase the tokens, and pay for supplies with them. The foreign counterparty receives A7A5 on the Ethereum or Tron networks.

— source commentary by Danila Sadovsky, BBNP junior lawyer.

According to the platform, A7A5’s market capitalization exceeded RUB 41 billion as of 29 September 2025. The token is available on decentralized exchanges Uniswap and Grinex, as well as on the centralized exchange Meer Exchange.

Source: Vedomosti