Sberbank Prepares to Offer Crypto-Backed Loans to Russian Corporate Clients

Russia's largest bank, Sberbank, is preparing to expand lending secured by digital assets. The expansion depends on regulatory approval and the implementation of Russia's new digital asset framework.

The bank expects Bitcoin to remain central in its crypto-backed lending strategy, while Ethereum and Tether could join later after obtaining approval from the Bank of Russia and meeting certain conditions.

Sberbank already has practical experience working with cryptocurrency, having tested the model with corporate clients. The lender plans to adapt its existing products as legislation comes fully into force and expand the range of eligible collateral gradually.