Russia’s largest commercial bank, SBE, has launched a bitcoin-linked bond product that tracks the value of cryptocurrency and the dollar-to-round exchange rate.
The product is already available to qualified investors in the over-the-counter market, and Sber is planning to list the product on the Moscow Stock Exchange in the future, the company is known as Sberbank in the past. Said In a statement on 30 May.
SBE said that SBE said transparency, liquidity and convenience for a wide range of listingable investors.
Sber said structural bond holders may allow the change in dollar value to Bitcoin (BTC) and earning income from strengthening the dollar against Russian rubles.
🇷🇺 Latest: Russia’s largest bank Sberbank launched bitcoin and structured bond tied to USD/Rab, with $ BTC Moscow exchange futures to list on 4 June. pic.twitter.com/kr8r6qguhs
– Cointelegraph (@Cointelegraph) June 2, 2025
The bank said that all transactions are made in rubles within the Russian regulatory structure, so investors do not need to rely on crypto wallets or irregular platforms.
Sber said it will offer exchange-traded products providing exposure for crypto on its sberinvestments platform-Start with the product, which the bank should be listed on June 4 when the Moscow exchange officially launches the product.
Russia’s top bank gives green lights to crypto products
Sber’s move allowed Russia’s central bank to offer financial institutions on May 28 to offer some crypto financial instruments to recognized investors.
However, a major stipend for the announcement of Bank of Russia was that financial institutions could not directly offer cryptocurrency.
Connected: Bitcoin is priced as Russia-Ukraine under $ 104K
The Moscow-based T-bank, in the east Tinkoff Bank rolled out an investment product tied to the price of bitcoin on the same day, referring to the product as “smart asset”, released through the Russian state-supported token platform atomizes.
Central bank Informed The Russian residents priced about 827 billion rubles ($ 9.2 billion) of Crypto on centralized exchanges in the first quarter review of 2025.
The arrival in Russian crypto platforms also increased by 51% to 7.3 trillion rubles ($ 81.5 billion), in a single report.
Bitcoin has a 62% stake on Russian Crypto exchanges, followed by Ether (ETH) 22% and Tedhar (USDT) and USDC (USDC) stabelines.
magazine: Crypto wanted to overthrow banks, now it is making them in Stabecoin fight
