Russian Mining Giant Taps Digital Finance to Raise $17M

Gold producer Seligdar becomes the first major mining company in Russia to issue digital financial assets, with returns pegged at 20% annually.

Russian polymetallic holding Seligdar has launched its own digital financial asset (DFA) offering, marking a first for Russia’s gold mining sector. The placement is taking place on Alfa-Bank’s A-Token platform, with the total volume of issued bonds expected to reach up to 1.5 billion rubles (around $17 million).

Company president Alexander Khrush said the initiative unlocks new funding opportunities for the mining industry.

Holders of the digital assets will receive a fixed annual yield of 20%, paid out quarterly.

The A-Token platform enables participation from both institutional and retail investors, streamlining access to digital financial instruments.

Seligdar ranks among the top five Russian companies by gold reserves and is also in the global top five for tin reserves. The firm aims to ramp up gold production to 20 metric tons annually by 2030. The use of digital finance tools is expected to play a major role in fueling that growth.