Russia's largest commercial bank Sber has launched a Bitcoin-linked bond product that tracks the price movements of the cryptocurrency as well as the exchange rate trends of the US dollar against the Russian ruble.
According to a statement from the company (formerly Sberbank) on May 30, this product is currently open to qualified investors in the over-the-counter market, and Sber plans to list it on the Moscow Exchange in the future.
Sber added that this listing initiative will provide transparency, liquidity, and convenience for a wide range of qualified investors.
Sber stated that this structured bond allows holders to benefit from the fluctuations in the dollar value of Bitcoin and the appreciation of the dollar against the Russian ruble.
🇷🇺 LATEST: Russia’s largest bank Sberbank launches structured bonds tied to Bitcoin and USD/RUB, with $BTC futures set to list on Moscow Exchange June 4. pic.twitter.com/kR8r6qguHS
The bank emphasized that all transactions are conducted in rubles within the Russian regulatory framework, so investors do not need to rely on crypto wallets or unregulated platforms.
Sber also announced that it will offer exchange-traded products with cryptocurrency exposure on its SberInvestments platform—starting with Bitcoin futures, which the bank expects to list on June 4 once the Moscow Exchange officially launches the product.
This move by Sber comes as the Central Bank of Russia approved financial institutions to offer specific crypto financial instruments to certified investors on May 28.
However, a key provision in the Central Bank's announcement is that financial institutions are not allowed to directly offer cryptocurrencies.
On the same day, T-Bank (formerly Tinkoff Bank) in Moscow launched an investment product linked to Bitcoin prices, referring to it as a "smart asset" issued through the state-supported tokenization platform Atomyze.
Reports from the Central Bank indicate that in the first quarter of 2025, Russian residents held approximately 827 billion rubles (9.2 billion USD) in cryptocurrencies on centralized exchanges.
The same report also found that funds flowing into Russian crypto platforms increased by 51% during the same period, reaching 7.3 trillion rubles (81.5 billion USD).
Bitcoin holds a 62% share in Russian crypto exchanges, followed by Ethereum (ETH) at 22%, and stablecoins like Tether (USDT) and USDC.
Magazine: Cryptocurrencies once aimed to overthrow banks, but are now becoming banks in the stablecoin war.
Original article: “Russia’s largest bank Sber launches Bitcoin (BTC) linked bonds”
免责声明：本文章仅代表作者个人观点，不代表本平台的立场和观点。本文章仅供信息分享，不构成对任何人的任何投资建议。用户与作者之间的任何争议，与本平台无关。如网页中刊载的文章或图片涉及侵权，请提供相关的权利证明和身份证明发送邮件到support@aicoin.com，本平台相关工作人员将会进行核查。
