Sberbank has issued the country’s first loan backed by crypto collateral to major Bitcoin miner Intelion Data. The pilot deal’s size, tenor, and collateral details were not disclosed, and the crypto assets are held in custody via Sberbank’s in-house Rutoken solution until repayment. dlnews.com/articles/markets/ru...…

Wu Blockchain
@WuBlockchain
12-26
Russia’s largest bank, Sberbank, is considering launching crypto-backed loans that would provide ruble lending secured by digital assets. Deputy Chairman Anatoly Popov said the bank is ready to work with regulators to build the necessary infrastructure and hopes to formally
Sector:
From Twitter
Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
Like
Add to Favorites
Comments
Share
Relevant content



