The largest commercial bank in Russia, Sber has launched a Bitcoin-Linksbed bond product that tracks the price of cryptocurrency and the dollar exchange rate to Robble.
The product is now available for investors qualified in the free sale market, and Sber plans to list the product in the Moscow Stock Exchange in the future, said the company previously known as Sberbank in a statement on May 30.
The list will guarantee transparency, liquuidity and convenience for a wide range of qualified investors, added Sber.
Sber said that the structural bonus could allow holders to obtain income from the change in the dollar value in Bitcoin (BTC) and the strengthening of the dollar against the Russian ruble
The bank said that all transactions are carried out in rubles within the regulatory framework of Russia, so investors do not need to trust cryptographic wallets or unregulated platforms.
Sber said that he would also offer bags in the stock market that provide exposure to cryptography on their Sberinversments platform, start with a Bitcoin futures product, which the bank said it should be on June 4 once the exchange of Moscow is officially the product.
The Superior Bank of Russia gives cryptographic products
Sber’s movement occurs when the Central Bank of Russia allowed financial institutions to offer certain cryptographic financial instruments to accredited investors on May 28.
However, a key stipulation of the announcement of the Bank of Russia was that financial institutions could not directly offer cryptocurrencies.
Related: Bitcoin Price is submerged below $ 104k while Russia-Ukraine Woes Rile Us Stocks
T-Bank, based in Moscow, previously Tinkoff Bank, launched an investment product linked to the price of Bitcoin the same day, referring to the product as an “intelligent asset” that is broadcast through the tokenization platform backed by the Russian state atomyze.
The Central Bank reported that Russian residents have around 827 billion rubles ($ 9.2 billion) in cryptography in centralized exchanges in their review of the first quarter of 2025.
Tickets on Russian cryptographic platforms also increased 51% to 7.3 billion rubles ($ 81.5 billion) in the same period, according to the same report.
Bitcoin has a 62% participation in Russian cryptography exchanges, followed by Ethher (ETH) with 22% and stable as tether
