Russia’s Digital Financial Assets Grew Fourfold In 2024

Russia’s digital financial assets market grew more than 4 times in 2024, according to the Russian ACRA credit rating agency. Although still developing and partially hampered by sanctions, the overall trend is positive, with holdings up to ₽150 billion by the end of last year.

According to ACRA’s estimates, digital financial instruments in Russia have great development potential, taking into account the features of hybrid digital financial assets and the prospects for using these instruments in international settlements.

2025 growth in this sector is likely to be even more impressive. The public launch of the Digital Ruble from July 1^st and the development of alternative overseas payments systems can be expected to spearhead increasing use of digital financial assets and transfers of physical assets into digital as the technology develops, public use and confidence increases and system and service developments increase.