Russia's Sberbank Explores Crypto-Backed Loans as Regulation Takes Shape

2025-12-26 13:22:17

Source: CoinEdition Original Title: Russia’s Sberbank Explores Crypto-Backed Loans as Regulation Takes Shape Original Link: Russia’s largest bank, Sberbank, is exploring the launch of loans backed by cryptocurrency. The proposed product would allow borrowers to take loans in Russian rubles while using cryptocurrency as collateral, according to Deputy Chairman of Sberbank’s Management Board Anatoly Popov.

Bank Ready to Work With Regulators

Popov said Sberbank is prepared to work closely with regulators to develop the legal and technical framework needed for crypto-backed lending. Russia’s crypto rules remain under development, and clearer legislation is required before such products can be launched widely.

“We are currently exploring the possibility of lending secured by cryptocurrency,” said Popov. He added that the bank hopes to formally discuss these transactions soon and announce deals once the regulatory environment allows.

Digital Asset Business Continues to Grow

Sberbank’s interest in crypto-backed loans comes as it expands its broader digital asset strategy. Since the start of the year, the bank has organized more than 160 digital asset issuances through its platform, including first-time tokenized products linked to real estate and oil.

These initiatives show how Russia’s largest lender is testing blockchain-based tools while staying within existing legal limits.

Exchanges Prepare for Regulated Crypto Trading

Russia’s major exchanges are also preparing for a regulated crypto market. Both the Moscow Exchange and the St. Petersburg Exchange have confirmed they are ready to launch cryptocurrency trading once the country’s legislative framework is finalized.

Their statements followed a December 23 announcement by the Bank of Russia outlining a regulatory concept that sets July 1, 2026, as the target date for comprehensive crypto legislation.

The Bank of Russia had previously pushed for a complete ban on crypto exchanges and token trading. However, Western sanctions and growing demand for alternative financial channels have driven a shift toward regulated adoption.

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