The largest commercial bank in Russia, SBER, has launched a bitcoin bond product, which tracks the change in cryptocurrency price and a currency exchange rate to the dollar on the grill.
The product is now available for qualified investors on the over -the -counter market, and Sber plans to replace the product on the Moscow stock exchange in the future, a company previously known as Sberbank he said in a statement of May 30.
He added that the list will ensure transparency, liquidity and convenience for a wide range of qualified investors.
Sber said that the structural bond can allow owners to earn income from changing the dollar value in Bitcoin (BTC) and strengthening the dollar in relation to the Russian ruble.
🇷🇺 Latest: The largest bank in Russia Sberbank introduces structured bitcoin and USD/Rub bonds, with $ Btc Futures on the list on Moscow Exchange on June 4. pic.twitter.com/KR8R6QGUHS
– Cointelegraph (@Cointelegraph) June 2, 2025
The bank said that all transactions are carried out in rubles as part of regulatory Russia, so investors do not have to rely on cryptocurrency portfolios or unregulated platforms.
Sber said that he would also offer products with the stock exchange, providing exhibition to cryptocurrencies on the Sberinvestments platform-starting from the Futures Bitcoin product, which according to the bank should be replaced on June 4 after Moscow Exchange officially launches the product.
The Supreme Bank of Russia gives green featherlight to cryptographic products
The SBER movement appears when the Russian Central Bank allowed financial institutions to offer some financial instruments of cryptocurrencies to accredited investors on May 28.
However, the key decision of the Bank of Russia was that financial institutions could not directly offer cryptocurrencies.
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Moscow T-Bank, previously Tinkoff Bank, introduced an investment product associated with the price of Bitcoin on the same day, referring to the product as “intelligent assets”, which is issued by the Russian atomize toxate platform.
Central bank Reported Russian residents have about 827 billion rubles ($ 9.2 billion) of cryptocurrencies on centralized stock exchanges in their review of the first quarter of 2025.
The influence of Russian cryptographic platforms also increased by 51% to 7.3 trillion rubles ($ 81.5 billion) at the same time, the same report was found.
Bitcoin has a 62% share in Russian cryptocurrency exchange, followed by Ether (ETH) at 22% and Stablecouins, such as Tether (USDT) and USDC (USDC).
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