Russia's largest bank, Sberbank, is planning to launch a corporate loan product secured by cryptocurrency, demonstrating the rapidly accelerating global trend of applying digital assets to traditional finance. This move is driven by increasing demand from institutional clients, particularly as the cryptocurrency market is gradually legalized and more deeply integrated into the international financial ecosystem.
Under its new direction, Sberbank plans to develop loans for businesses secured by cryptocurrencies, opening up more flexible access to Capital for companies holding digital assets. The bank also affirmed its readiness to cooperate closely with the Central Bank of Russia to build a suitable legal framework, ensuring that lending activities are conducted transparently, compliant with regulations, and with the risk of systemic failure is mitigated. The proactive involvement of a large state-owned financial institution in crypto-backed lending demonstrates Russia's growing openness to blockchain technology and the digital asset economy.
