Russia's largest bank, Sber, has launched a new investment product that links traditional financial instruments with Bitcoin. This allows for easier combining of crypto assets with established banking controls.

Russia’s largest lender Sber is launching a new investment product that combines traditional financial instruments with Bitcoin, paving the way for crypto assets to be more easily integrated with established banking controls.

It is a structured bond, and its payout will be determined by the price movements of Bitcoin and the dollar-ruble exchange rate. Initially, investors can access the product in the over-the-counter (OTC) market.

It will be available only to a limited number of investors before Sber plans to list it on the Moscow Exchange for future issuances. This move will bring more transparency to the investment and allow a wider participation from investors.

The introduction of the bond was announced by the bank on Monday, May 30. It highlights the ongoing integration of digital assets into Russia’s financial system.

While the government had previously shown caution towards cryptocurrency, there has been a recent shift in stance.

Investors who join the bond will be able to capitalize on the price movements of Bitcoin even though they won’t hold any cryptocurrency. They will gain economically whenever the U.S. dollar shows gains against the ruble.

The bond offers a unique structure that provides investors with convenience and safety. Investors are able to invest in crypto without needing to create a crypto wallet or engage with crypto platforms that might not be regulated in their home country.

All transactions will be executed in rubles and adhere to the regulations of Russia’s financial laws. This minimizes some of the uncertainties and complexities usually encountered in cryptocurrency investments.

Furthermore, Sber is expanding its offerings with new instruments for investors. From June 4, users of the SberInvestments app will be able to trade Bitcoin futures. This launch coincides with the introduction of new crypto financial instruments by the Moscow Exchange.

Sber is actively contributing to the development of a safer and stronger ecosystem for digital asset investment in Russia.

The launch comes as Russia is gradually opening up to regulated digital assets. By May 2025, Sber intends to take on market-making roles on the Russian regulated cryptocurrency platforms set to be launched.

In this capacity, the bank will provide liquidity and ensure the smooth functioning of the digital asset trading venues.

News data source: kdj.com

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