Sberbank Signals Plan for Crypto-Backed Loans after Russia Eases Rules
One of Sberbank’s top executives said the lender is considering issuing loans backed by cryptocurrency, a move that follows a new regulatory roadmap published by Russia’s central bank. The roadmap outlines rules for digital asset transactions and the delivery of related financial services, signaling clearer legal ground for banks and fintechs to build products that use digital assets as collateral. If Sberbank proceeds, the change could accelerate mainstream adoption by injecting large-scale liquidity and lending infrastructure into Russia’s crypto market. It also matters for investors and corporates seeking alternative financing. That said, banks will need robust risk-management, valuation and anti-money-laundering procedures to cope with price volatility and regulatory expectations. The announcement marks a notable step toward integrating crypto into traditional banking, while practical roll-out and safeguards will determine how quickly it reshapes credit markets.