Sberbank Launches Russia’s First Crypto-Backed Corporate Loan
- Sberbank, Russia’s largest bank, initiated a pilot corporate loan using crypto mined by AO Intelion Data as collateral.
- The loan is secured through Sber’s internal custody platform and Rutoken hardware.
- Anatoly Popov, Deputy CEO, emphasized the pilot supports collaboration with the central bank on crypto regulation.
- The initiative aims to test digital-asset collateral mechanisms and could extend beyond miners to firms holding crypto assets.
- Sberbank plans to offer custody services for crypto assets, enhancing its role in Russia’s digital asset market.
Sberbank has launched a pioneering corporate loan backed by self-mined cryptocurrency from AO Intelion Data. This move aligns with efforts to develop crypto regulations and infrastructure in Russia.
Source (3.2)https://cryptobriefing.com/sberbank-crypto-backed-loan-bitcoin-miner/?rand=59535
