Russian central bank adjusts mutual fund rules, allowing some funds to allocate to digital asset-related instruments
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AT A GLANCE
According to reports, Russia plans to relax rules governing the allocation of some mutual funds to digital asset-related instruments.
Article
Russian central bank amends mutual fund investment rules, allowing specialized funds to invest in cryptocurrency settlement indices
PANews September 24 reported that, according to Bits.media, the Russian central bank amended mutual fund investment rules to allow funds for professional investors to invest in settlement indices linked to cryptocurrency quotes. Meanwhile, retail mutual funds may also allocate part of their portfolios to unlisted Russian securities and foreign securities, including tokenized securities and shares of U.S. exchange-traded funds linked to cryptocurrency prices. The investment ratio for such assets is capped at 10%, while the cap for closed-end funds is 20%。
PANews September 24 The report states that the Russian central bank amended mutual fund investment rules.
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Funds for professional investors may invest in settlement indices linked to cryptocurrency quotes.
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Retail mutual funds may allocate part of their portfolios to unlisted Russian securities and foreign securities, including tokenized securities and shares of U.S. exchange-traded funds linked to cryptocurrency prices.
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The investment ratio for such assets is capped at 10%, while the cap for closed-end funds is 20%.
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The report was published by PANews, citing Bits.media.
AI-assisted interpretation
The following is analysis, separate from reported facts. Verify important claims independently.
A settlement index is an index used to calculate or reflect the settlement price of a class of assets. Tokenized securities are securities represented in token form. The report states that some funds may gain access to these digital asset-related instruments in the future, but the source does not provide an original announcement from the Russian central bank.
Why it matters to readers
If the rules formally take effect, the eligible investment scope and allocation caps for relevant funds may change.
This indicates that digital assets may enter some investment products through financial instruments such as funds, indices, and tokenized securities, but it does not mean that all funds can invest in them.
Risks and unknowns
The source does not include the original announcement from the Russian central bank.
Whether the rules have formally taken effect and their effective date cannot be confirmed from the original text.
It is unknown whether funds will actually launch related products or the scale of their actual allocations.
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Related concepts
Settlement index
This term is not in the glossary yet. Browse related concepts in the glossary.
