Sberbank Set to Launch Crypto-Backed Loans in Russia

Sberbank, Russia's leading financial institution, is gearing up to provide loans secured by cryptocurrency, pending new legislation by 2026.

Sberbank, the largest banking institution in Russia, has announced its intention to introduce loans that will be backed by cryptocurrency assets. This move comes after a successful pilot project conducted with a mining company, showcasing the bank's innovative approach to integrating cryptocurrency into traditional finance.

With new legislative measures anticipated to be enacted by mid-2026, Sberbank is positioning itself at the forefront of the evolving crypto lending landscape in Russia. As the bank explores this groundbreaking financial service, it aims to meet the increasing demand for cryptocurrency-related financial products.