Sberbank, Russia’s largest state-owned bank with $626 billion in assets, has launched structured bonds and derivatives tied to Bitcoin
Sberbank, Russia’s largest state-owned bank with $626 billion in assets, has launched structured bonds and derivatives tied to Bitcoin. The bank plans to list these Bitcoin-linked bonds on the Moscow Exchange, as confirmed by multiple sources including Coindesk.
This development is part of a broader trend in Russia toward the adoption of cryptocurrency in the financial sector. The Russian Agricultural Bank is also exploring the use of cryptocurrency for grain settlements, a move influenced by international sanctions that have restricted traditional payment channels and increased the need for alternative liquidity solutions.
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