Sberbank moves toward crypto-backed lending as Russia readies regulation
Sberbank is preparing to offer loans secured by cryptocurrency, following a pilot with a mining firm.Summary
Sberbank, Russia's largest bank, is preparing to offer loans secured by cryptocurrency and is ready to collaborate with the central bank on the necessary regulatory framework, with legislation expected by mid-2026. The bank conducted a pilot in January, issuing the country's first bitcoin-backed loan to Intelion Data, a major bitcoin miner. Sberbank's digital financial asset (DFA) business saw significant growth in 2025, with total issuance reaching RUB 408 billion, though this remains small compared to its traditional loan portfolio. Deputy Chairman Anatoly Popov noted the bank already offers investments in bitcoin and ether via structured bonds and DFAs, and is testing DeFi instruments while supporting gradual cryptocurrency legalization. This move follows Sovcombank, which launched crypto-backed lending for individuals and businesses holding bitcoin on February 5. Sberbank's planned lending program will target mining companies and businesses holding cryptocurrency on their balance sheets.
(Source：CoinDesk)