SMART CONTRACT AS A LEGAL AND INFORMATIONAL BASIS FOR THE FORMATION OF THE BANK’S DIGITAL FINANCIAL ASSETS

Abstract

This study examines smart contracts as a legal and informational basis for the formation of digital financial assets in the Russian banking sector. In the context of global digitalization of financial services, credit institutions are actively introducing innovative technologies, opening up new horizons for the development of the financial market. The main attention is paid to the study of the functioning of smart contracts, their legal aspects and their impact on financial stability. It analyzes how smart contracts using blockchain technologies contribute to the automation of transactions, providing a high degree of security and transparency. The study demonstrates examples of the use of smart contracts in Russian banks, including asset tokenization and the creation of digital bonds. These mechanisms not only optimize processes, but also minimize the risks of errors during financial transactions. In addition, the regulatory documents and recommendations of the Central Bank concerning the regulation of the CFA are considered, as well as the importance of forming a legal framework that promotes the development of smart contracts. It has been established that the creation of clear rules and standards will allow credit institutions to effectively integrate new technologies into their activities. Thus, this study highlights the key role of smart contracts in the transformation of the financial sector, as well as the need for further research and development of legislation to support this innovative practice in Russia.