Sberbank's issuance of Bitcoin-linked structured bonds marks a significant shift in Russia's stance on cryptocurrency, paving the way for future crypto products.
Sberbank has announced the launch of structured bonds linked to Bitcoin and the USD/RUB exchange rate, allowing qualified investors to benefit from Bitcoin's price movements. The bonds are available in the OTC market, with plans for future listings on the Moscow Exchange. This initiative reflects Sberbank's strategy to integrate cryptocurrency offerings under Russian regulations, with additional products like Bitcoin futures set to launch on June 4.