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Sberbank to Join Russia’s Crypto Settlement Pilot This Fall, Executive Reveals

[Sep 5 6:30 AM] Sberbank, Russia’s largest financial institution, plans to join a cryptocurrency settlement pilot program this fall. The bank also aims to serve clients using digital rubles by 2025. Deputy Chairman Anatoly Popov supports regulatory efforts…

Binance Renames Russian Bank Cards Amid US Sanctions Probe, Report

[Aug 26, 2023 2:30 AM] Crypto exchange Binance has replaced the names of cards issued by Russian banks with colors, Russian media revealed amid reports of a U.S. investigation into potential sanctions violations. The changes concern the ruble exchange feature on…

Russia’s Largest Bank to Allow Retail Investors to Trade Digital Assets

[Jun 10, 2023 4:30 AM] Majority state-owned lender Sberbank is preparing to allow Russian citizens to buy and sell digital assets. Private individuals will be provided access to its proprietary blockchain platform as early as this month, a top executive of the bank…

Largest Russian Bank Sberbank Opens Developer Access to in-House Defi Platform

[Jun 2, 2023 1:30 PM] Sberbank, the largest bank in the Russian Federation, announced that it opened access to its in-house decentralized finance (defi) platform to allow developers to test its capabilities. Reports indicate that Sberbank’s Comunity, the…

Digital Assets for 1 Billion Rubles Issued in Russia in a Month

[May 7, 2023 3:30 AM] Platforms authorized by the Russian government issued digital assets worth around a billion rubles in April, the local press reported. The spike in the volume has been attributed to Russian companies experimenting with new financial instruments…

Blockchain to Become More Relevant in Payments This Year, Sberbank Exec Says

[Mar 20, 2023 5:30 AM] Blockchain technology can help solve current issues with settlements, according to the deputy chief executive of Sberbank. Russia’s largest bank is working with other financial institutions to develop blockchain-based payment applications, the…

Blockchain is the answer to Russia's settlement issues, banking exec says

[Mar 15, 2023 7:54 AM] There is no technical reason preventing Russia from creating its own blockchain-based system, blockchain provider Fuse Network's CEO believes.

Crypto Exchanges Allow Russians to Circumvent Sanctions, Report Alleges

[Feb 25, 2023 11:00 PM] Major crypto exchanges have failed to prevent sanctioned Russian banks and traders from transacting, according to a blockchain forensics report. At least two established coin trading platforms continue to allow Russians to use their bank cards in…

Russia’s Largest Private Bank Launches Digital Asset Platform

[Feb 5, 2023 3:00 PM] Alfa-Bank, one of the major Russian banking institutions, has established its own platform for digital financial assets. The launch became possible after Russia’s monetary authority added Alfa-Bank to its register of digital asset issuers this…

Russia’s Sberbank plans to launch DeFi platform on Ethereum

[Feb 3, 2023 8:23 AM] DeFi systems are able to displace the traditional market of banking services, Sber’s Blockchain Lab product director Konstantin Klimenko said.

Sberbank Analyst’s Editorial Delves Into the ‘Tremendous Potential’ of a BRICS Reserve Currency Fueling De-Dollarization

[Jan 7, 2023 1:30 PM] During the last month, Russia’s ruble has dropped 16.48% against the U.S. dollar as energy and commodity prices have slowed over the last few weeks. Russia’s central bank revealed two weeks ago that it is further distancing itself from U.S. dollar…

Gold-Based Digital Assets Issued in Russia

[Dec 29, 2022 2:30 AM] A blockchain platform built by Russia’s largest banking institution, Sber, has been used to issue digital assets based on gold. The value of the tokenized precious metal will depend on the prices of physical gold, the bank said, emphasizing that…

Russia's largest bank issued gold-backed digital financial assets

[Dec 27, 2022 6:43 AM] The issuance became the second major operations of the bank with the new class of assets.

Russia’s Sber Bank Aims for Blockchain Integration With Ethereum and Metamask

[Dec 3, 2022 4:30 PM] Banking giant Sber wants to integrate its blockchain platform with the Ethereum blockchain and the Metamask wallet. The Russian bank believes the integration will give developers more options and create new opportunities for users when in…

Russia's Sber bank integrates Metamask into its blockchain platform

[Dec 1, 2022 8:16 AM] Russia’s largest lender is moving into DeFi and Web3 by integrating its blockchain platform with the Ethereum blockchain.