A socially oriented non-financial development institution and a major organizer of international conventions, congress, exhibitions, business, social and sporting, public, and cultural events.

The Roscongress Foundation is a socially oriented non-financial development institution and a major organizer of international conventions; exhibitions; and business, public, sporting, and cultural events. It was established in pursuance of a decision by the President of the Russian Federation.

The Foundation was established in 2007 with the aim of facilitating the development of Russia’s economic potential, promoting its national interests, and strengthening the country’s image. One of the roles of the Foundation is to comprehensively evaluate, analyse, and cover issues on the Russian and global economic agendas. It also offers administrative services, provides promotional support for business projects and attracting investment, and helps foster social entrepreneurship and charitable initiatives.

Each year, the Foundation’s events draw participants from 208 countries and territories, with more than 15,000 media representatives working on-site at Roscongress’ various venues. The Foundation benefits from analytical and professional expertise provided by 5000 people working in Russia and abroad. In addition, it works in close cooperation with 160 economic partners; industrialists’ and entrepreneurs’ unions; and financial, trade, and business associations from 75 countries worldwide.

The Roscongress Foundation has Telegram channels in Russian (t.me/Roscongress), English (t.me/RoscongressDirect), and Spanish (t.me/RoscongressEsp). Official website and Information and Analytical System of the Roscongress Foundation: roscongress.org.

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The Industrial Revolution in the Financial Sector: Tokenized Assets, Digital Financial Assets, and Digital Currencies for Central Banks
3 June 2021
15:00—16:15

The development of industry 4.0 involves the mass penetration of end-to-end technologies in all sectors of the economy. Manufacturing processes, the cost structure, monetization methods, and efficiency drivers are all changing. And states can no longer ignore the active development of global private currencies. Should the monetary and credit systems and payment infrastructure that have developed over decades be part of new business models? Will industrial companies be able to manage and access liquidity if banks do not develop new digital skillsets? Should capital-intensive industrial companies prioritize the tokenization of assets and rights as one of the key areas of the digitalization programme, thereby replacing traditional financial instruments? Will digital financial assets become more attractive as a means of tokenizing accounts receivable, guaranteeing metal supply or providing long-term motivation for employees? What is the position of regulators on private digital currency initiatives when it comes to transitioning to the digital economy? Will the idealized model of issuing roubles digitally remain unchanged? Do we need unified joined-up measures to prevent the spread of digital currencies? What is the model of threat and risk management in the world of digital currencies?

Date
03.06.2021
Forum
SPIEF
Started at
15:00—16:15
Conference hall
Pavilion G, conference hall G7
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