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RWA Regulation

Russia’s Central Bank Eases Mutual Fund Rules to Allow Crypto-Linked Settlement Indexes

Russia’s central bank amended mutual fund investment rules to let professional-investor funds invest in settlement indexes tied to digital currency quotes. Retail mutual funds may also hold certain unlisted Russian and foreign securities, including tokenized securities and US ETF shares linked to crypto prices, capped at 10% of assets, or 20% for closed-end funds.

Original source

AI take

The move matters less as a crypto endorsement than as a plumbing change: Russia's central bank is carving out regulated wrappers where crypto-linked exposure can sit without direct token custody, which suits professional and qualified buyers first. The 10% cap, doubled for closed-end vehicles, signals a deliberate containment approach rather than open retail access. What's worth watching is whether these tokenized and ETF-linked channels stay a niche for professional funds or become a template other jurisdictions copy.

Generated by AI for reference only.

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