Russian giant Sberbank launches Bitcoin bonds to expand Russian exposure to crypto
Sberbank, Russia’s largest lender, has introduced a new structured bond product offering exposure to Bitcoin (BTC), marking a significant step in integrating cryptocurrency-linked instruments into the country’s regulated financial ecosystem.
The product, currently available on the over-the-counter market to a limited pool of qualified investors, allows returns based on the performance of Bitcoin’s US dollar value, as well as the potential appreciation of the dollar against the Russian ruble.
Sberbank said the bonds eliminate the need for investors to open cryptocurrency wallets or use offshore exchanges, as all transactions are settled in rubles and within Russian legal and technological frameworks.
