Sberbank, Russia’s largest bank, has begun testing decentralized finance (DeFi) products in response to rising cryptocurrency demand.
Anatoly Popov, deputy chairman of the bank’s management board, confirmed plans to launch digital asset services in collaboration with regulators, ensuring investor protection and operating only on regulated platforms once clear and economically viable rules are in place.
The bank maintains constant dialogue with the Bank of Russia and Rosfinmonitoring to define the necessary infrastructure, technologies, and security mechanisms. Sberbank aims to act as a liquidity provider and market maker, allowing its clients to invest in Bitcoin and Ethereum through structured bonds and CFA-format vehicles, either individually or in pre-defined packages. The total volume of these products has reached 1.5 billion rubles.
Interest in crypto assets is growing due to geopolitical tensions: the war in Ukraine led to the freezing of Russian assets abroad. Moscow is claiming $230 billion held at Euroclear, while the EU plans to use part of those funds to support Ukraine. The bank emphasizes that its DeFi initiatives prioritize security and liquidity, not speculation
Source: https://www.rbc.ru/crypto/news/693a8d199a79476918976018
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