Russia’s largest lender Sberbank explores crypto-backed loan with Bitcoin miner
Sberbank piloted Russia's first corporate loan collateralized by crypto mined by AO Intelion Data.Summary
Sberbank, Russia's largest bank, conducted a pilot corporate loan using self-mined cryptocurrency as collateral, secured via Sber's internal custody platform and Rutoken hardware, in partnership with mining company AO Intelion Data. Deputy CEO Anatoly Popov stated this test is crucial for developing digital-asset collateral mechanisms and infrastructure, aligning with the central bank's efforts to shape crypto regulation. Popov suggested these digital-collateral products could eventually benefit any company holding crypto assets, not just miners. This development coincides with Sberbank preparing to launch crypto asset custody services, which will include safety guarantees similar to bank accounts, as Russia eases its stance on crypto for use in international trade.
(Source：Crypto Briefing)