The ruble-denominated A7A5 stablecoin has been qualified as a digital financial asset (CFA), which will allow Russian exporters and importers to use it for cross-border settlements. The operator of the information system is Tokeon Company (part of the PSB group). The first issue of A7A5 took place in February 2025 in Kyrgyzstan, and the capitalization of the token has already exceeded 41 billion rubles. Cryptocurrency is used by Russian companies to circumvent sanctions in international transactions. To obtain the CFA status, the developers adapted the system and documentation to the requirements of the law and ensured the admission of foreign digital rights (PPIs) to circulation. According to Igor Egorkin, CEO of Tokeon, the use of digital assets will simplify calculations, expand cooperation with friendly countries and open up new business opportunities. A7A5 is positioned as the first ruble-linked stablecoin. In the first four months after the launch, the equivalent of $9.3 billion was transferred through it on a specialized crypto exchange.
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