Media

Polymetallic Holding Company Seligdar announces the issuance of digital financial assets (DFAs) via the information system operated by Alfa-Bank JSC. The subscription period will run from 26 to 30 June 2025. The total issue volume may reach up to 1.5 billion Russian roubles, with each DFA priced at 1,000 Russian roubles.

Each DFA certifies the investor’s right to receive the full principal amount from the issuer after a one-year maturity, along with additional income calculated at a fixed annual coupon rate of 20%. Interest payments will be made quarterly, starting from 30 September 2025. Redemption of principal is scheduled for 30 June 2026.

The DFAs are issued in non-cash form and will circulate exclusively within Alfa-Bank’s proprietary digital platform. Secondary market trading will be available from 1 July 2025. Early redemption is not provided for. All transactions will be conducted in full compliance with the Russian legislation on digital financial assets.

Alexander Khrushch, President of Seligdar PJSC, commented:

‘Seligdar has repeatedly been at the forefront of innovation in financial instruments. We are now the first among the major gold mining companies to issue a digital financial product—DFAs—essentially helping to shape this emerging market. We see significant potential in this rapidly evolving asset class, which is experiencing robust demand. This launch marks yet another step in Seligdar’s contribution to the development of the financial instruments ecosystem and to building investor confidence in innovative financial solutions.

Going forward, we intend to introduce more complex digital instruments, creating new channels not only for capital raising but also for product sales.’

The A-Token platform is Alfa-Bank’s proprietary infrastructure for the issuance and placement of digital financial assets. It enables all categories of investors—from retail clients to financial institutions and professional market participants—to deploy surplus liquidity or participate in corporate funding rounds. To date, over 1,000 DFAs have been issued on A-Token, with a cumulative volume exceeding 350 billion Russian roubles — representing approximately 35% of Russia’s total DFA market, which now surpasses 900 billion Russian roubles.