Dzengi is a regulated investment platform that enables legal entities in Belarus to legally trade and invest in tokenized assets.
Legal Aspects
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Legal framework
Under Decree No. 8, legal entities may legally invest in tokens through residents of the High-Tech Park (HTP). Companies may hold tokens on the platform or in their own wallets.
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Simplified taxation system and cryptoassets
The simplified taxation system is incompatible with cryptoassets: any token transaction disqualifies a legal entity from using this tax regime (subclause 2.2.7 of Article 324 of the Tax Code).
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Payments for goods and services using tokens
From 18 July 2026, token payments under foreign trade contracts with non-residents are permitted through cryptobanks in the cases specified in Resolution No. 288/13. Please note that the Dzengi platform is not a cryptobank.
Dzengi Features
Investments
Buy and sell tokenized assets in “Trading” mode without using borrowed funds. Available assets include cryptocurrencies, stocks, indices and commodities.
Leverage from 1:1 to 1:500
Margin trading using borrowed funds. Please note that leverage magnifies both profits and losses.
Mining Services
Companies that mine tokens are offered tailored service terms and fees.
Risk Hedging
Companies can open leveraged positions to hedge their business risks.
OTC Trading
Over-the-counter (OTC) trades in tokenized financial instruments on tailored terms, with high limits for corporate accounts.
Asset Storage
Use your corporate account to store the tokenized assets you have purchased.
Available Operations
| Token operations: | Legal entities | Individuals |
|---|---|---|
| Buying and selling tokens for fiat currency | + | + |
| Exchange (token to token) | + | + |
| Storage | + | + |
Token issuance and offering (ICO) This involves the creation of tokens and their initial offering under established terms, with disclosure of information regarding the tokens, the terms of the offering, and associated risks. | + | - |
| Gifting and bequeathing tokens | - | + |
Documents required to open a corporate account
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Certificate of state registration of a legal entity
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Extract from the Unified State Register (issued no more than 30 days before account creation)
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Articles of association of the legal entity (full version, including all amendments)
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Information on company officers and founders.
For the director and chief accountant:- Documents confirming their authority (appointment order / minutes recording the appointment)
- Identity documents and details of their registered address
For the founder and other members holding an ownership stake of more than 10% in the company:- Founding documents / resolution to establish the company
- Identity documents and details of their registered address
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Financial documents confirming the source of funds (accounting / financial statements, tax returns, bank statements — as applicable)
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Completed client questionnaire
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Company details (bank details, registered and physical addresses, contact information)
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Cryptocurrency addresses used (if any)
How to account for tokens
Where to record tokens and cryptocurrencies, how to account for platform fees, when corporate income tax applies and why VAT is not charged. Accounting for leveraged transactions is covered separately.
How to open a corporate account
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Active legal entity
Active legal entity status (not undergoing liquidation or bankruptcy proceedings, with no recorded suspension of business activities).
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General taxation system
Operating under the general taxation system. The simplified taxation system is incompatible with cryptoassets: any token transaction results in loss of eligibility for the simplified taxation system.
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Verified source of income
A verified source of income from core business activities, sufficient to generate the funds allocated to investment transactions.
