Sberbank Launches Bitcoin-Backed Bonds in Russia, Driving Crypto Integration

Russia’s leading financial institution, Sberbank, has taken a significant step towards integrating cryptocurrency into regulated finance by launching Bitcoin-backed bonds. These bonds are exclusively accessible to qualified investors in the country and settle in rubles. This move marks a pivotal moment for the nation’s crypto landscape, as it positions Sberbank at the forefront of innovation within the digital financial sector.