Sberbank Issues Russia’s 1st Crypto Loan With Bitcoin Miner
Sberbank has issued Russia’s first loan backed by crypto, extending financing to Intelion Data, one of the country’s largest bitcoin mining companies, in a pilot transaction that signals growing institutional interest in crypto-collateralized lending.
The bank, Russia’s largest lender, said the loan was secured using digital assets mined directly by Intelion Data. Sberbank did not disclose the size, duration, or exact type of cryptocurrency used as collateral, describing the transaction as an experimental pilot rather than a full commercial rollout.
“We believe this product will be relevant not only for cryptocurrency miners, but also for companies that own cryptocurrencies,” Sberbank said in a statement, adding that it may…
