Rostec will launch the RUBx coin on the TRON blockchain

The state corporation Rostec has announced the launch of the RUBx coin and the payment platform RT-Pay. The ratio of the asset to the ruble will be one to one.

The company provides support in the creation, manufacturing, and promotion for export of innovative industrial products, which are used in both defense and civilian sectors.

RT-Pay will enable companies and individuals to conduct transactions in the digital environment. It will be integrated into the existing banking infrastructure. At the same time, the platform will be able to interact with external wallets and smart contracts.

RUBx is developed on the TRON blockchain. The developers will open the source code on GitHub and conduct a security audit by CertiK.

Representatives of Rostec emphasized the difference between the token and the digital ruble. RUBx is not stored in special accounts and will be able to interact with external crypto infrastructure.

"Each RUBx is backed by real obligations in rubles, this is legally documented," noted Alexander Nazarov, Deputy General Director of Rostec.

The system launch is scheduled for this year. At the start, the purchase and sale of RUBx will be available through a special web portal. In the future, the developers plan to list the coin on exchanges and add it to popular wallets.

Let us remind you that on June 4, trading in futures for the shares of the exchange-traded Bitcoin fund iShares Bitcoin Trust ETF by BlackRock began on the Moscow Exchange. Following the debut session, the volume exceeded 423 million RON, and the number of transactions approached 8600.

Later, "Sber" issued over-the-counter bonds worth 500 million RON, linked to the price of the first cryptocurrency.