Damate released digital financial assets

Damate has released digital financial assets (DFAs). The total amount of the issue is 500 million rubles.

The Damate group of companies, the largest turkey producer in Russia, has made its debut issue of digital financial assets (DFAs). The total amount of the DFA issue is 500 million rubles. The cost of one unit is 1000 rubles. The collection of applications for the DFA release was completed ahead of schedule. The partner of the issue was the operator Alfa Bank, on whose electronic platform the corresponding investment proposal was posted.

The circulation period of the DFA, in accordance with the terms of the investment proposal, is 9 months, the rate is 17.75% per annum, interest is paid monthly.

“For the Damate company, this is a new financial instrument that allows us to reduce the time required to obtain financing, diversify sources of financing, and also enter the public borrowing market. I am confident that consumers of our products will be able to appreciate the opportunity to invest together with their favorite manufacturer,” said Stanislav Varich, First Deputy General Director for Economics and Finance at Damate.

Digital financial assets (DFA) are digital rights to an asset that are issued, accounted for and circulated in the form of a token record in an information system based on blockchain technology. They assume that their holders have digital rights. We can say that digital financial instruments are digital analogues of already existing financial instruments: shares, bonds, bills, loans and other assets. These analogues are digital rights or certificates (tokens) with a certain value, operating on the basis of a blockchain or other decentralized network and stored in an information system.

The level of accrued interest on DFA exceeds the average interest rate on bank deposits in Russian banks, so this instrument is a very attractive way for short-term investment.

Any individual or legal entity - a client registered on the A-token platform of the Alfa Bank operator - can purchase an asset for any desired amount. To invest in DFA, IT is enough to complete four steps: register on the website or application of the information system operator, download the mobile application of the information system operator or use its web version. Next, select the asset you like in the application. Sign the deal with your private key. Transactions take place in a mobile or web application in a few clicks. This allows you to automate the execution of transactions thanks to smart contracts, as well as eliminate intermediaries when interacting with such assets. A smart contract can be considered a digital contract.

Let us recall that the development of DFA is supported and regulated by the Russian Central Bank, which provides full legal protection of the rights of investors. The CFA received a legislative framework in Russia in July 2020 against the backdrop of the rapid development of digitalization and cryptocurrencies in the world. Then Law No. 259-FZ “On digital financial assets, digital currency and on amendments to certain legislative acts of the Russian Federation” was adopted . It regulates the issuance and circulation of digital assets in Russian information systems, for the functioning of which operators are responsible. They can only be Russian legal entities included by the Central Bank in a special register. The Central Bank supervises the activities of all information system operators. The first operator was registered in February 2022.

The Damate Group of Companies (Damate Group of Companies) is a Russian agricultural holding, a category expert in niche Meat markets. The company's portfolio includes projects for the production of turkey, duck and lamb. Damate is also developing dairy farming and its own genetic projects. The company owns the trademarks “Indilite”, “Ozerka”, BazarCo, “Karachaevskaya Chernaya”, Salima, “Tolko!”, the products of which are sold throughout the country and sold abroad.

The company's production facilities have no analogues in Russia in terms of technical equipment and the number of implemented innovative solutions. Damate widely uses information technology and artificial intelligence in its activities . The company pays special attention to issues of product quality, biological and sanitary safety of production.

The geography of Damate's activities covers several regions: Penza, Tyumen, Rostov regions and the North Caucasus Federal District. The company's products are sold throughout the country and exported abroad. The largest full-cycle turkey production complex in Russia is located
in the Penza region . A high-tech plant for advanced turkey processing was also launched here.

One of the most modern dairy complexes in Siberia is successfully developing in the Tyumen region, on the basis of which unique projects in the field of genetics and breeding are being implemented for the country. The country's largest second-order turkey breeding facility was also launched here. Damate plans to build a selection and genetic sheep breeding center in the region.

In the Rostov region, Damate relaunched complexes for the production of turkey and industrial production of duck meat.

In the North Caucasus Federal District, Damate is developing lamb production. The project includes feedlots, a modern slaughter and lamb processing plant in Cherkessk (KChR) and a service company that provides consulting and resource support to the farms of the project’s partner farmers.

The company's bank of agricultural lands totals more than 100 thousand hectares.

More than 11 thousand people work at the company's enterprises throughout the country.