According to Trunichkin, while the number of platforms for DFA production is anticipated to grow, it will eventually stabilize in the coming years. Each platform will specialize in serving specific customer segments and offering tailored tools. The creation of these platforms can take around a year and require significant investments amounting to several hundred million rubles. Additionally, the establishment of a software and hardware complex will necessitate the formulation of rules and coordination with the Bank of Russia.
Trunichkin warns that a high number of DFA operators could lead to increased costs for end investors and pricing challenges. However, the Ministry of Finance and the Bank of Russia have recently collaborated on a bill that aims to enable the use of DFAs in international payments.
Despite these developments, Russian investors have expressed mixed sentiments towards DFAs. According to Kommersant, participants in the digital deposit market have reported difficulties in attracting depositors, particularly retail investors.