Crypto exchanges and exchange services ready to invest in market entry
We assess which role may be realistic: digital depositary, exchange service, broker, custodian, infrastructure partner or technology provider.
Russian crypto market
We help crypto companies enter the Russian market
If you are looking at the Russian market, the first step is to assess your future role: digital depositary, exchange service, broker, custodian or another infrastructure model. Once the role is clear, you can build a market-entry plan: setting up a company, buying or developing software, choosing the operating model, preparing documents and resolving other practical issues.
#digital_depositary#custodian#regulatory_diagnostics#NDA-friendly
Who it is for
It makes sense to start now
The bill on digital currency has already passed the first reading. While final requirements and secondary regulation are still taking shape, you can choose a role, assess software, the team, documents and the entry plan without rushing.
Investors and crypto infrastructure owners assessing Russia
We show which decisions should not be made before legal, product and IT diagnostics: buying a ready-made solution, acquiring an asset, hiring a team or preparing a possible regulatory approach.
Teams choosing between a depositary role, buying software and development
We compare options by cost of ownership, timelines, manageability, dependence on the law, team requirements and audit readiness.
Tasks
Which decisions this stage helps make
The goal is not to describe the technology nicely. The point is to understand which instrument fits, what the market requires and where the project may fail to come together.
Decision 1
Check whether the digital form makes economic sense compared with a loan, bond, factoring or direct transaction.
Decision 2
Choose the participant role: issuer, operator, platform partner, investor, vendor or infrastructure team.
Decision 3
Prepare an issuance, pilot or next-stage request without premature development or unnecessary documents.
Check
What we check before launch
The right or cash flow underlying the model
We treat this as a separate project question so legal, product, IT and sales do not get mixed together.
Platform, participants, documents, disclosure and client journey
We treat this as a separate project question so legal, product, IT and sales do not get mixed together.
IT setup, integrations, accounting, settlements and operational roles
We treat this as a separate project question so legal, product, IT and sales do not get mixed together.
Investor access, liquidity, credit risk, taxes and limitations
We treat this as a separate project question so legal, product, IT and sales do not get mixed together.
Scenarios
Russian market entry scenarios
The path to a digital depositary, ready-made software, partnership model, staged entry and waiting for the law all require different budgets, timelines and checks.
ScenarioWho it is forWhat to checkNext step
Digital depositary
Teams that want to become a full infrastructure participant and control custody, accounting and the client journey.
Depositary role, possible information system operator status as an entry ticket, IT architecture, controls, team, documents and timelines.
Build a readiness map and understand what is needed before approaching the regulator.
Ready-made software
Exchanges, exchange services and investors that need to speed up launch without building the platform from scratch.
Code rights, architecture, security, operation logs, customization, support and cost of ownership.
Run software due diligence and connect it to the legal model.
Staged entry
Teams for which gradual entry makes more sense: from one role and license to a broader set of services.
Sequence of statuses, requirements at each stage, dependence on secondary regulation, timelines, team and software.
Build a roadmap for expanding licenses and the product model.
Partnership model
Projects that need a market role without full ownership of infrastructure.
Responsibility zones, economics, client journey, controls, data and dependence on the partner.
Compare partners and fix the boundaries of the role.
Waiting for the law
Teams for which the risk of premature development is higher than the benefit of early entry.
Which decisions can be postponed and which inputs should be prepared now.
Build a decision watchlist and return to the model after the final text of the law.
Result
What you get after the stage
Clear comparison of market-entry options
We compare the path to a digital depositary role, ready-made software, in-house development, partnership model and staged entry. We show why one path is more reasonable than another.
List of risks and regulatory limitations
We show weak spots: status, team, processes, security, documents, code rights, data, Bank of Russia requirements and future law-enforcement practice.
Checklist for status, software or acquisition
We fix questions for obtaining status, software due diligence, vendor selection, team assessment, development and acquisition of a ready-made solution.
Negotiation plan and next diagnostics
We prepare the basis for discussions with partners and vendors. Legal and technical parts can be covered by our own team.
Limitations and risks
What to see before allocating the launch budget
Risk 1
The digital form does not remove issuer credit risk or the quality of the underlying asset.
Risk 2
Not every investor will be able to buy the instrument. Qualification, limits and disclosure should be checked before launch.
Risk 3
Liquidity, secondary circulation and platform compatibility depend on the specific model and platform rules.
Process
How we work
Goal review
We fix why you need the Russian market, which products you want to offer and which role may be the best fit.
Scenario comparison
We compare what makes more sense: buy ready-made software, prepare a digital depositary, find a partner, enter in stages or wait for final regulation.
Launch plan
We assemble requirements, risks, documents, IT setup, team, financial, operational and product choices, and the order of next negotiations.
FAQ
What to clarify in advance
Can we already prepare for a digital depositary role or buy software?
Software development or acquisition can be discussed, but it is better to first check what exactly exists in the solution: code, processes, team, rights, documents, clients, regulatory readiness or only a promise of future status.
Do you guarantee market entry after the law is adopted?
No. Final requirements depend on the law, secondary regulation and enforcement practice. We help compare scenarios in advance, find weak spots and understand what to do with them.
What can we bring to the first call?
You can come with prepared inputs or clarify them during the discussion. We will help formulate the current role, interest in Russia, timeline, readiness to buy software or create infrastructure, and questions blocking the decision.
Request
Describe the task, and we will suggest the next step
You can describe it in broad terms. In 30-45 minutes we will make an initial assessment of whether there is a workable scenario and what format of review is needed next.