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The first blockchain operator was founded in Russia

April, 12 2021
watermark Economic news

The Moscow Exchange and members of the FinTech Association (AFT), which includes large Russian credit institutions, founded the first blockchain operator in Russia. In addition to the Moscow Exchange, VTB, PSB and the National Payment Card System (NSPK) and AFT took part in the project. Each co-founder owns 1/6 of the share in the company.


The creators of the operator are confident that it will allow the development of innovative products and services, as well as reduce costs for all market participants.


AFT will transfer the rights to the only Russian certified blockchain platform «Masterchain» to the operator. With the help of this platform, services and products are created using Russian cryptography standards.


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Foreign exchange is highly speculative and complex in nature, and may not be suitable for all investors. Forex trading may result in a substantial gain or loss. Therefore, it is not advisable to invest money you cannot afford to lose. Before using the services offered by ForexMart, please acknowledge the risks associated with forex trading. Seek independent financial advice if necessary. Please note that neither past performance nor forecasts are reliable indicators of future results.