... It exists not in the form of paper bills or coins, but exclusively in digital format. In simple terms, it is money that is stored not in cash, but on a special digital account. However, unlike electronic money, such as the funds on a bank card, the digital ruble is a currency created and directly controlled by the state, and it will be stored in an electronic wallet provided by the Central Bank. Why is the digital ruble needed? The introduction of the digital ruble aims to achieve several objectives: Cost reduction: ...

As tokenization gains traction in the financial world, its potential to simplify transactions and expand market accessibility is becoming increasingly clear. This article explores the benefits and key applications of tokenization—from digital currencies to tokenized assets and cross-border payments—and examines the core challenges of regulation, security, and system integration. Sergey Tereshkin, CEO of Open Oil Market, shares insights on how tokenization could reshape financial markets ...

... a recognized asset class attracting the attention of major investors and corporations. By 2025, the total market capitalization of cryptocurrencies is measured in trillions of dollars, comparable to the valuations of the world’s largest companies. Digital currencies are used not only for speculative trading but increasingly as a means of savings and transactions. The reasons for the popularity of cryptocurrencies are varied. First, they provide an alternative to traditional financial instruments and fiat ...

... cryptocurrency does not have a physical form: its units exist only as entries in the blockchain. The first digital coin, Bitcoin, was created in 2009, marking the beginning of the cryptocurrency market's development. Cryptocurrency is a special type of digital currency created and operated based on blockchain technology (a distributed ledger system). Unlike conventional money issued by central banks, cryptocurrencies are decentralized: their issuance and transaction tracking are not controlled by a single entity....

... stablecoins—such as the new stablecoin from PayPal (PYUSD)—though currently small in scale, leverage vast payment networks and could gain traction by 2025. There are also stablecoins issued by traditional financial organizations (banks) and central bank digital currencies (CBDCs). The latter—digital analogues of national currencies issued by central banks—could theoretically displace private stablecoins over time, especially in the payment space. For example, if a digital dollar from the Fed launches by ...