Russia’s largest commercial bank, Sber launched a Bitcoin-linked product that monitors the cryptocurrency price change and the dollar exchange rate.
The product is already available to qualified investors in the over-the-counter market, and Sber plans to list the product at Moscow Stock Exchange In the future, the company formerly known as Sberbank Says In a statement on May 30.
The list will ensure transparency, liquidity and comfort for a wide range of qualified investors, Sber added.
Sber said the structure of the structure could allow holders to earn income from the change of dollar value to Bitcoin (Btc) and the strengthening of the dollar against the Russian ruble.
🇷🇺 Latest: Russia’s Sberbank’s largest bank launches outlined bonds tied to Bitcoin and USD/Rub, along $ Btc The futures are set to list at Moscow Exchange June 4. pic.twitter.com/kr8r6qguhs
– Cointelegraph (@cointelegraph) June 2, 2025
The bank said all transactions were carried out in rubles within the Russian regulation framework, so investors do not have to rely on crypto wallets or Unregulated platforms.
Sber says it will also offer Products exchanged by exchange Provides crypto exposure to the Sberinvestment platform – starts with a bitcoin futures product, which the bank says should be listed on June 4 once the Moscow Exchange officially launches the product.
Russia’s top bank gives green light to crypto products
Sber’s move comes as Russia’s central bank Allowed financial institutions are allowed To offer some crypto financial instruments to accredited investors on May 28th.
However, a major stipulation of the Bank of Russia announcement is that financial institutions cannot be offered directly to cryptocurrencies.
Related: Bitcoin price sinks under $ 104k while Russia-Ukraine revolves in US stocks
The T-Bank-based Moscow, formerly Tinkoff Bank, rolled an investment product tied to the price of Bitcoin the same day, referring to the product as a “wise property” released through the tokenization platform supported by the Russian state of Russia.
The central bank reported Russia residents are holding around 827 billion rubles ($ 9.2 billion) worth of crypto in centralized exchanges in its analysis in the first quarter of 2025.
Flowing to Russian platform Also increased 51% to 7.3 trillion rubles ($ 81.5 billion) at the same time, the same report found.
Bitcoin holds a 62% part in Russian crypto exchanges, followed by ether (Eth) at 22% and stablecoins like Tether (USDT) and USDC (USDC).
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