Sberbank has launched Russia’s first structured bonds linked to Bitcoin, targeting high-net-worth investors exclusively. These bonds, traded on the Moscow Exchange, offer exposure to Bitcoin price fluctuations and their yield is determined by the USD/RUB and BTC exchange rates. This move marks a significant step in integrating cryptocurrencies into the Russian financial system. Sberbank, along with other leading state-backed institutions like VTB, T-Bank, and Alfa-Bank, aims to incorporate digital financial assets into Russia’s banking landscape. The initiative aligns with recent regulatory changes by the Bank of Russia that now permit crypto derivatives for qualified investors.