Russia’s Sberbank eyes crypto-backed loans, says regulatory support will be key
The post Russia’s Sberbank eyes crypto-backed loans, says regulatory support will be key appeared on BitcoinEthereumNews.com.
Russia’s largest bank, Sberbank, may soon start offering crypto-backed loans as it plans to collaborate with regulators to build the necessary infrastructure. Summary Sberbank is evaluating a plan to offer loans in rubles secured by cryptocurrency. The bank says any such service will require cooperation with regulators to build the legal and technical framework. Anatoly Popov, Sberbank’s Deputy Chairman of the Management Board, has confirmed in a recent interview that the bank is considering new financial instruments that would enable it to issue loans in rubles using crypto assets as collateral. “We are currently exploring the possibility of lending secured by cryptocurrency,” a translated excerpt from the interview quoted Popov as saying. However, he acknowledged that Russia’s regulatory framework governing cryptocurrencies is “still in its infancy,” so the bank will be collaborating with the Russian government to develop “relevant solutions” that would allow it to launch such services in the future. “I hope we will be able to announce such deals soon,” he added. While discussing other developments, Popov said that Sberbank has continued to expand financing opportunities and has organized more than 160 digital asset issuances on its proprietary platform since the start of 2025. Sberbank’s involvement with the blockchain space began as early as 2015 when it launched pilot programs to test the technology, which subsequently led to the development of a dedicated Blockchain Laboratory in 2018. Since then, its digital asset strategy has only grown stronger, especially after the bank secured a license from the Bank of Russia in March of 2022 to offer and exchange Digital Financial Assets within a regulated environment. In a separate interview appearance earlier this month, Popov said that the bank was actively monitoring developments across the DeFi ecosystem to assess how DeFi-based products could complement traditional banking services. Some of the…
Filed under: News - @ December 26, 2025 12:19 pm