The largest bank in Russia launches Serbank, organized bonds associated with bitcoin

Serbank, the largest bank in Russia, presented a new organized bond that tracks the price of bitcoin

The exchange rate from the dollar to soluble.

The bonds are initially available on the meter for a limited group of qualified investors, and allows the holders to win it based on two variables: the future performance of BTC in US dollars and any promotion of the dollar for the ruble.

Investors can access these tools without opening an encryption portfolio or using foreign encryption exchanges, as all transactions are addressed in “legal and sub -infrastructure systems” in Russia.

The bank is planning to include similar organized products with exposure to the encrypted currency on the Moscow Stock Exchange, according to another advertisement.

According to the advertisement, Serbank is also launched by Bitcoin Futures via its Serinvestments platform on June 4, in line with the launch of the product on Excination Moscow.

The advertisement comes yet The Bank of Russia said Financial institutions in the country can provide tools associated with the encoded currency to qualified investors.