{"id":4275,"date":"2025-07-17T17:16:16","date_gmt":"2025-07-17T17:16:16","guid":{"rendered":"https:\/\/digkrypton.com\/index.php\/2025\/07\/17\/russias-sberbank-plans-to-launch-bitcoin-and-crypto-custody-services\/"},"modified":"2025-07-17T17:16:16","modified_gmt":"2025-07-17T17:16:16","slug":"russias-sberbank-plans-to-launch-bitcoin-and-crypto-custody-services","status":"publish","type":"post","link":"https:\/\/digkrypton.com\/index.php\/2025\/07\/17\/russias-sberbank-plans-to-launch-bitcoin-and-crypto-custody-services\/","title":{"rendered":"Russia\u2019s Sberbank Plans to Launch Bitcoin and Crypto Custody Services"},"content":{"rendered":"

Bitcoin Magazine<\/a><\/p>\n

Russia\u2019s Sberbank Plans to Launch Bitcoin and Crypto Custody Services<\/a><\/p>\n

<\/div>\n

Sberbank, Russia\u2019s largest lender, plans<\/a> to offer custody services for cryptocurrency assets, aiming to lead the country\u2019s digital asset infrastructure as demand for bitcoin and crypto services grows.<\/p>\n

The move comes as Russia\u2019s central bank has softened its stance on digital assets, recently supporting legislation that allows businesses to use bitcoin and crypto in international trade to bypass Western sanctions imposed on Russia over its conflict in Ukraine.<\/p>\n

The executive director of Sberbank Anatoly Pronin said the bank has submitted proposals to the central bank regarding the regulation of bitcoin<\/a> and crypto assets. He noted that more banks globally are starting to offer custody services, and Sberbank wants to ensure Russia isn\u2019t left behind.<\/p>\n

Pronin explained that the bank\u2019s proposals would regulate bitcoin and crypto assets similarly to traditional bank accounts. Sberbank would act as a custodian, guaranteeing the security of tokens and providing safeguards against hacking and unauthorized access. Assets could also be frozen if law enforcement suspects illegal activity.<\/p>\n

Custody services are essential for making bitcoin and crypto transactions safer. Gleb Zemskoy, director of blockchain and digital currency development at Insight Finance, emphasized the importance of local custody, saying, \u201cThe custodian is the backbone of the world\u2019s economy in terms of cryptocurrencies. And at the moment, it is in the hands of private foreign companies, which indicates a huge risk.\u201d<\/p>\n

On June 2, the bank also launched<\/a> a structured bond linked to the performance of Bitcoin and the USD-to-ruble exchange rate. The product allows qualified investors to earn returns based on BTC price movement and the dollar\u2019s strength.\u00a0<\/p>\n

\u201cAll transactions are processed in rubles within Russia\u2019s legal and infrastructure systems,\u201d Sberbank stated.<\/p>\n

Sberbank plans to launch similar structured investments and a Bitcoin futures product through its SberInvestments platform on the Moscow Exchange. These offerings represent one of the first times a major Russian institution has introduced regulated Bitcoin linked products under updated national regulations.<\/p>\n\n

This post Russia\u2019s Sberbank Plans to Launch Bitcoin and Crypto Custody Services<\/a> first appeared on Bitcoin Magazine<\/a> and is written by Oscar Zarraga Perez<\/a>.<\/p>","protected":false},"excerpt":{"rendered":"

Bitcoin Magazine Russia\u2019s Sberbank Plans to Launch Bitcoin and Crypto Custody Services Sberbank, Russia\u2019s largest lender, plans to offer custody services for cryptocurrency assets, aiming to lead the country\u2019s digital asset infrastructure as demand for bitcoin and crypto services grows. The move comes as Russia\u2019s central bank has softened its stance on digital assets, recently […]<\/p>\n","protected":false},"author":0,"featured_media":4276,"comment_status":"","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"tdm_status":"","tdm_grid_status":"","footnotes":""},"categories":[1],"tags":[],"class_list":{"0":"post-4275","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-bitcoin"},"acf":[],"_links":{"self":[{"href":"https:\/\/digkrypton.com\/index.php\/wp-json\/wp\/v2\/posts\/4275","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/digkrypton.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/digkrypton.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/digkrypton.com\/index.php\/wp-json\/wp\/v2\/comments?post=4275"}],"version-history":[{"count":0,"href":"https:\/\/digkrypton.com\/index.php\/wp-json\/wp\/v2\/posts\/4275\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/digkrypton.com\/index.php\/wp-json\/wp\/v2\/media\/4276"}],"wp:attachment":[{"href":"https:\/\/digkrypton.com\/index.php\/wp-json\/wp\/v2\/media?parent=4275"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/digkrypton.com\/index.php\/wp-json\/wp\/v2\/categories?post=4275"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/digkrypton.com\/index.php\/wp-json\/wp\/v2\/tags?post=4275"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}