The hideOUT project by developer Dominanta has become the first residential complex in Russia to have its own public index on the stock exchange: SPBIHIDE. The index reflects the dynamics of the hideOUT property's average cost per square meter and is based on real transactions in the residential complex, which is still under construction but opened apartment sales in June 2024. The initial index value is 600,000 rubles. The first update will be published in January 2025, with monthly updates thereafter.

This public index appeared at the St. Petersburg Stock Exchange following the issuance of digital financial assets (DFAs), tied to the value dynamics of a physical square meter in hideOUT. As of July 4, 2024, the DFAs are available for purchase to qualified investors with a verified status. The initial cost of one lot is 600,000 rubles, and investors can track further changes in the digital asset value using the SPBIHIDE public index.

"The SPBIHIDE index will allow DFA investors to track value changes and make decisions on buying and selling assets. That said, it may also be of interest to a broader audience: for example, our clients who have invested in real rather than digital square meters. We advocate for honest and transparent business relationships, and are pleased to introduce a convenient tool for tracking value changes as the project progresses," noted Dominanta CEO Denis Borodako.

The volume of the first DFA batch, released on the Masterchain platform with the Dominanta Group developer as the issuer, reached to 1.5 billion rubles. DFA sales are being handled by VTB Bank, which is financing the hideOUT project. The total number of DFAs in circulation is 2,500. The risks of developer bankruptcy or project completion delays are covered by a VTB bank guarantee, which provides project financing for the residential complex construction.

The DFA issue redemption is tied to commissioning the residential complex, which is scheduled for Q2 2028. The amount to be paid for DFA redemption will equal the SPBIHIDE public index value at the time of construction completion. If need arises to sell these securities ahead of time, there is a possibility of their secondary turnover.