Discover Sberbank’s Bold Move into Cryptocurrency Custody Services

Key Points

1. Sberbank is introducing custody services for Bitcoin and other crypto assets, aligning with Russia's evolving crypto infrastructure.

2. The move follows the Russian Central Bank's softened stance on sanctions, facilitating greater cryptocurrency presence in the financial system.

3. Anatoly Pronin, Sberbank’s executive director, highlighted the bank's involvement in structuring Bitcoin and crypto assets.

4. Gleb Zemskoy, director of blockchain and cryptocurrency development, emphasized the importance of national custody services to mitigate foreign control risks.

5. Sberbank plans to launch structured investment products and Bitcoin futures on the Moscow Exchange through its SberInvestments platform.