A7A5
A7A5 issues a digital Rouble token backed by fiat deposits, enabling stable digital asset management and trading.
- Company typePrivate
- Founded2025
- HeadquartersBishkek, Kyrgyzstan
- Headcount11–50
- GTM typeB2B and B2C
- OfferingSoftware
What A7A5 does
A7A5 is a Russian ruble-pegged stablecoin issued by Russia-based company A7, launched in February 2025 as the first ruble-pegged stablecoin issued under Russian state regulation. The token maintains 1 A7A5 = 1 RUB parity, is fully backed by deposits at Promsvyazbank (PSB), and is deployed on Tron and Ethereum networks with a wA7A5 wrapper for cross-chain compatibility. The platform offers fiat on/off ramps via MIR cards from PSB and the Faster Payments System (SBP), a DeFi interface for swapping A7A5 against USDT, BTC, and ETH, an A7 Crypto Promissory Note for redemption into rubles and foreign currencies, and a Harbour product for enterprise cross-border payments.
The company is incorporated through a Kyrgyz-registered entity (a7a5.kg) while operating from Moscow, and targets individuals and businesses in MENA and ASEAN regions with the US market intentionally excluded. Revenue is generated through transaction fees on conversions, transfers, and cross-border settlement, with no publicly disclosed pricing tiers. In its first year A7A5 processed over USD 100 billion in transfers and roughly USD 72 billion in 2025 trade settlement volume, but coordinated US, UK, and EU sanctions imposed in late 2025 caused a 96% decline in daily volumes by June 2026, leaving the business materially impaired while the underlying smart contracts remain operational.
A7A5 firmographics
Firmographics- Name
- A7A5
- Legal name
- A7A5
- Website
- https://www.a7a5.io
- Company type
- Private
- Founded year
- 2025
- Operating status
- Operating
- Headcount range
- 11–50 employees
- Short description
- A7A5 issues a digital Rouble token backed by fiat deposits, enabling stable digital asset management and trading.
- Ownership category
- akta.pro rank
Where A7A5 is headquartered
LocationHeadquarters
- HQ city
- Bishkek
- HQ country
- Kyrgyzstan
- HQ region
- Asia
Offices2 records
Markets served
A7A5 business model
Business model- GTM type
- B2B and B2C
- Offering type
- Software
- Cost components
- Technology or R&D, Operations, Personnel, Marketing or Sales, Infrastructure, Others
Revenue model
- Stablecoin Transaction Fees: Revenue generated from transaction fees on A7A5 token transfers and conversions across the platform infrastructure, including fiat on/off ramps and DeFi exchanges.
- Cross-Border Settlement Services: Revenue from facilitating cross-border commerce for sanctioned entities, providing alternative payment infrastructure to traditional banking channels (Visa, Mastercard, SWIFT). Processed over $100 billion in transfers in first year.
- Business Services (Harbour, Crypto Promissory Note): Revenue from enterprise solutions enabling international trade operations, export transactions, and currency exchange for businesses using A7A5 infrastructure.
Go-to-market motion3 records
Distribution channels6 records
Marketing channels4 records
A7A5 product offering
Product offeringCore offering
A7A5 issues a Russian state-regulated, ruble-pegged stablecoin (1 A7A5 = 1 RUB) fully backed by deposits in trusted banks, deployed on the Tron and Ethereum networks. The token is accessible to individuals via MIR cards from Promsvyazbank and the Faster Payments System, and to businesses through bank-transfer onboarding plus dedicated solutions (Harbour for cross-border payments and the A7 Crypto Promissory Note) for international trade settlement.
Product overview
A7A5 is a single unified product portfolio centered on a ruble-pegged stablecoin issued under Russian state regulation. The core offering is the A7A5 Stablecoin (1 A7A5 = 1 RUB), which is supported by multiple blockchain networks (Tron, Ethereum) and features multiple access channels. The product ecosystem includes: (1) A7A5 Stablecoin as the core product for fiat on/off ramps via MIR cards and SBP; (2) A7 DeFi for cryptocurrency trading (USDT, BTC, ETH); (3) A7 Crypto Promissory Note for redemption into rubles and foreign currencies; and (4) Harbour for business cross-border payments. The portfolio targets MENA and ASEAN regions, intentionally excluding the US market.
Differentiator
Problem solved
Functional benefit
Quantifiable outcome
- Processed over USD 72 billion in trade settlement volume in 2025
- +2 more outcomes
Companies that use A7A5
Customer profileNamed customers3 records
Segments3 records
Ideal customer profiles3 records
A7A5 technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- Yes
- API docs
- API detail
Core technology
AI maturity
App detail
Integration2 records
Feature6 records
A7A5 partnerships and signals
Strategic signalPartnerships
Two partnerships are on record, tiered core.
- Promsvyazbank (PSB)coreState-owned Russian bank (PSB) co-developed A7A5 stablecoin and provides direct integration for MIR cardholders to purchase tokens. Promsvyazbank enables the primary fiat on/off ramp infrastructure through MIR cards and Faster Payments System (SBP), making it the foundational banking partner for A7A5's retail adoption strategy.
- Ilan ShorcoreSanctioned Moldovan oligarch co-developer of A7A5 stablecoin alongside Promsvyazbank. Shor is a sanctioned individual associated with entities tied to Russian interests through Kyrgyz-registered company structure. His involvement connects A7A5 to broader sanctions-related financial infrastructure.
Scale indicators6 records
Recent moves6 records
Expansion highlights2 records
A7A5 competitors and assessment
Company assessmentBroad incumbents
- Tether: Tether issues USDT, the largest fiat-backed stablecoin globally. Directly comparable to A7A5 as a fiat-backed stablecoin issuer serving cross-border and DeFi liquidity use cases, though operating at vastly larger scale and in USD rather than RUB.
- PayPal USD (PYUSD): PayPal USD is a regulated, US-based fiat-backed stablecoin issued via Paxos. Comparable to A7A5 in its emphasis on regulatory legitimacy and integration with mainstream payment rails, though serving retail US users rather than sanctioned/cross-border use cases.
Direct peers
- Circle (USDC): Circle issues USDC, a regulated, fully reserved fiat-backed stablecoin. Comparable to A7A5 in its emphasis on regulatory compliance, independent attestations, and enterprise-grade issuance, though denominated in USD and serving Western markets.
- Paxos (PAX/USDP): Paxos issues regulated USD stablecoins (formerly PAX, now PayPal USD issuance) under NYDFS oversight. Closely comparable to A7A5's positioning as a state-regulated, fiat-backed stablecoin issuer targeting compliance-sensitive enterprise use cases.
- TrueUSD (TUSD): TrueUSD is a fully reserved USD stablecoin built around third-party attestations and trust-focused transparency messaging. Comparable to A7A5 in its emphasis on 1:1 reserve backing, independent attestations, and fiat on/off ramps via banking partners.
- Stasis (EURS): Stasis issues EURS, a euro-backed stablecoin built on Ethereum with full reserve backing and independent attestations. Comparable to A7A5 as a non-USD, fiat-backed, regulated stablecoin targeting enterprise and cross-border use cases in Europe/Eurasia.
- First Digital Labs (FDUSD): First Digital Labs issues FDUSD, a Hong Kong-based fiat-backed USD stablecoin integrated with CEX liquidity. Comparable to A7A5 as a non-Western fiat-backed stablecoin targeting Asian/MENA user bases and relying on exchange-distributed liquidity.
Emerging players
- Maiar DEX / Elrond MultiversX: MultiversX operates a high-throughput blockchain and integrated DEX with stablecoin pairs. Comparable to A7A5 as emerging blockchain-based payment/DeFi infrastructure targeting cross-border and emerging-market use cases.
Others
- Promsvyazbank (PSB): PSB is the state-owned Russian bank that co-developed A7A5 and provides the MIR card and SBP fiat on/off ramp infrastructure. Not a peer per se, but a foundational banking partner whose continued support is critical to A7A5's peg and distribution.
- Grammaton / Garantex-style sanctioned exchanges: Sanctioned Russian-linked crypto exchanges (e.g., Garantex, which was designated by OFAC) operate fiat-crypto conversion rails used by Russian entities. Adjacent to A7A5 as ecosystem participants in the alternative payment infrastructure serving sanctioned Russian business flows.
Market position
Strengths1 record
Weaknesses5 records
Competitive moat5 records
Key highlights5 records
Customer concentration
A7A5 social profiles
Digital presenceA7A5 compliance and trust
Trust signalCompliance2 records
A7A5 financial estimates
Financial estimateRevenue estimate
Valuation estimate
A7A5 leadership team
Management profileNumber of profiles
A7A5 funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
A7A5 M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about A7A5
What does A7A5 do?
A7A5 issues a Russian state-regulated, ruble-pegged stablecoin (1 A7A5 = 1 RUB) fully backed by deposits in trusted banks, deployed on the Tron and Ethereum networks. The token is accessible to individuals via MIR cards from Promsvyazbank and the Faster Payments System, and to businesses through bank-transfer onboarding plus dedicated solutions (Harbour for cross-border payments and the A7 Crypto Promissory Note) for international trade settlement.
Is A7A5 a public or private company?
A7A5 is a private company. It is classified as state government owned and is currently operating.
When was A7A5 founded?
A7A5 was founded in 2025. It employs 11 to 50 people.
Where is A7A5 based?
A7A5 is headquartered in Bishkek, Kyrgyzstan, in the Asia region.
How does A7A5 make money?
Three revenue lines are on record. Stablecoin Transaction Fees are the primary driver. The others are cross-Border Settlement Services and business Services (Harbour, Crypto Promissory Note).
Who are A7A5's main competitors?
Broad incumbents on record are Tether and PayPal USD (PYUSD). Direct peers are Circle (USDC), Paxos (PAX/USDP), TrueUSD (TUSD), Stasis (EURS) and First Digital Labs (FDUSD). Maiar DEX / Elrond MultiversX is listed as an emerging player. Others are Promsvyazbank (PSB) and Grammaton / Garantex-style sanctioned exchanges.
Does A7A5 have an API?
Yes. A7A5 offers backend API infrastructure supporting user authentication (SSO) and account management functions. The API endpoints (api.a7a5.kg) handle user login redirects, business client authentication with OAuth authorization code flow, and account access. Specific documented endpoints include: v1/sso/login for individual user authentication with redirect_path support, and v1/auth/sso/callback for business client OAuth authentication. Documentation available at docs.a7a5.io. Developer documentation is at docs.a7a5.io.