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 eligible investors in the over-the-counter market, and SBER plans to list the product. Moscow Stock Exchange In the future, the company was formerly known as Sberbank 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 that structural bond holders may allow income to earn income from changing dollar value in bitcoin (BTC) And 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 regulatory structure of Russia, so investors do not need to rely on crypto wallet or Irregular platform.
Sber said that it will also offer Exchanging business products Providing in contact with crypto on your sberinvestments platforms – starting with a bitcoin futures product, which the bank said that should be listed on June 4 once the Moscow Exchange officially launches the product.
Russia’s top bank gives green lights to crypto products
Sber’s move comes as Russia’s central bank Financial institutions permitted To offer some crypto financial instruments to recognized investors on 28 May.
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.
Get rid of Russian crypto platform In the same report, a single report rose 51% to 7.3 trillion rubles ($ 81.5 billion).
Bitcoin has a 62% stake on Russian Crypto exchanges, followed by Ether (ET)) At 22% and like tether stablecoins (USDT) And USDC (USDC,
magazine: Crypto wanted to overthrow banks, now it is making them in Stabecoin fight
