Ozon Bank Launches New Platform for Digital Financial Assets
Ozon Bank has launched its own platform for issuing, managing and trading digital financial assets (DFAs). From project kickoff to regulatory approval by the Bank of Russia and registration as an Information System Operator (ISO), the rollout took just four months.
The platform is built on reusable Russian software developed by Diasoft. The company's Blokcheyn (Digital Q.Blockchain) and Tsifrovyye finansovyye aktivy (Digital Q.DFA) solutions serve as the core components of Ozon Bank's new digital asset infrastructure.
A Turnkey Platform for a Growing Ecosystem
Digital Q.Blockchain provides a high level of cryptographic protection, while Digital Q.DFA handles integration with external systems. Regulatory reports can be generated with a single click, eliminating additional work for finance and IT professionals, while smart contracts are executed automatically. Network resilience is maintained through the RAFT consensus protocol.
"We customized Digital Q.Blockchain and Digital Q.DFA to match Ozon Bank's business requirements and completed the project in record time. That outcome was made possible by combining Diasoft's deep expertise in financial markets with the flexibility of our import-independent software stack," said Alexey Kurochkin, Head of the Digital Financial Assets product line at Diasoft.
Demand Shifts Toward Ready-to-Deploy Stacks
As Russia's digital financial infrastructure expands and competition among Information System Operators intensifies, new funding channels are emerging for the real economy, particularly for small and medium-sized businesses. According to the Bank of Russia, DFA issuance reached RUB 1.65 trillion (approximately USD 21 million) in 2025, nearly tripling the 2024 total.
Large digital companies are expected to invest more heavily in expanding their ecosystems to attract and retain customers. At the same time, Russia's IT sector is demonstrating growing maturity as demand shifts away from custom-built projects toward ready-to-deploy technology stacks that can be integrated quickly into existing ecosystems while meeting stringent regulatory requirements.
From Zero to Twenty-Four Information System Operators
Atomyze became the first company authorized to issue DFAs when the Bank of Russia created its Information System Operator registry in 2022. Sberbank and Lighthouse followed. By the end of 2023, the registry included ten legal entities, with 237 DFA issuances in circulation. According to CFA.RF, the market had reached RUB 60 billion (approximately USD 760 million) in issued assets. That figure grew more than fivefold the following year and exceeded RUB 1.6 trillion (approximately USD 20 billion) in 2025.
Today, 24 Information System Operators are authorized to issue DFAs, with Ozon Bank now joining their ranks.
Investment in the DFA Market Is Expected to Accelerate
Ozon Bank is expected to focus primarily on debt-based DFAs, which account for roughly 96% of the market. Likely issuers include companies within the Ozon ecosystem seeking short-term working capital.
Analysts expect Russia's digital financial asset market to expand by another 20% to 30% during 2026. The number of investors could grow even faster as funds gradually shift from bank deposits, whose interest rates continue to decline, into higher-yielding investment instruments. The trend may accelerate further because, since the beginning of this year, the Bank of Russia has allowed legal entities to purchase DFAs with virtually no restrictions.
