Russian bank Sberbank plans to accept cryptocurrencies as collateral for issuing loans

SmartContractAuditor · 2026-02-06T14:06:10+00:00

Sberbank plans to launch a corporate loan product backed by cryptocurrency to meet customer demand and collaborate with the Central Bank of Russia to develop a regulatory framework. The bank has completed a pilot transaction with mining company Intelion Data, following international banks in exploring similar services.

SmartContractAuditor

2026-02-06 14:06:10

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Odaily Planet Daily reports that Russian bank Sberbank is planning to launch a cryptocurrency-backed corporate loan product. This move is driven by strong customer demand, and the bank has stated that it is ready to collaborate with the Central Bank of Russia to develop relevant regulatory frameworks. The plan follows a similar path taken by international banks, such as JPMorgan exploring such products, while Wells Fargo has already offered related services. It is reported that by the end of last year, Sberbank completed a pilot transaction with mining company Intelion Data, which used its own digital currency as collateral. The bank secured the collateral through its proprietary custody infrastructure and Rutoken hardware solution. (The Block)

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