Операторы в поисках связи, или Новый расцвет договора фактического посредничества

Вестник Университета имени О.Е. Кутафина. 2025. № 4 (128). С. 52–61.

Ионцев М. А.

The article examines the legal architecture of the digital segment of the financial market. The qualifying features of the actual mediation agreement concluded by accession are considered. The author examines the relationship between the operator of the information system in which digital financial assets are issued and the users of such a system, operators of digital financial asset exchange and its users. The article also describes the problem of isolation of various information systems and suggests one of the possible ways to resolve the problem of low liquidity of the digital financial asset market. Particular attention is paid to new types of digital financial assets, in particular, digital financial assets that can be issued in one information system and accounted for and circulated in another are considered. The author pays attention to the so-called “stablecoins”, which in Russian law are qualified through the concept of foreign digital rights. At the same time, the author notes that foreign digital rights can be any property that is issued in information systems organized in accordance with Russian law.

Keywords: договор присоединения, интероперабельность, interoperability, actual mediation, interconnection agreement, intermediary relations between operator and users, crosschain bridges, “wrapped” tokens, фактическое посредничество, посреднические отношения между оператором и пользователями, кроссчейн-мосты, «переименованные» цифровые права