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Russia's Sberbank Unveils Plan for Crypto Trading Infrastructure

Guavy AI Editorial Team
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Sberbank, Russia's largest bank, plans to launch crypto trading infrastructure by December 2026. This move comes ahead of new regulations for crypto trading, custody, and settlement set to take effect on September 1, 2026.

The digital depository will record cryptocurrency ownership and process transactions outside the primary blockchain. Sberbank will also operate wallets for client deposits, withdrawals, and transfers.

Alexander Vedyakhin, first deputy chairman of Sberbank's management board, stated that 'one of the key elements of the new infrastructure will be a digital depository.'

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