Russia’s largest bank, Sberbank, is planning to fully launch regulated crypto lending services by 2026 to meet rising corporate demand. The bank has already begun testing crypto-backed loans, allowing mining firms to use newly mined digital assets as collateral. This move signals deeper integration of digital assets into Russia’s financial system, particularly for cross-border trade amid sanctions. Sberbank is collaborating with the central bank to establish clear regulations, as current rules permit holding but not using crypto for payments. The initiative reflects a growing global trend of traditional banks accepting digital assets as loan collateral.
Sberbank, one of Russia’s largest banks, plans to fully roll out regulated crypto lending by 2026. It aims to meet rising demand from corporate clients holding digital assets.
According to reports, demand comes from crypto miners and businesses seeking liquidity without selling assets. The bank has already tested the concept with a pilot transaction starting late last year.
This pilot allows crypto-mining firms to pledge newly mined digital assets as collateral. Sberbank is ready to work with the central bank to shape clear rules for crypto-backed financing.
Russia’s current regulations allow buying, selling, and holding digital currencies but not using them for everyday payments. Banks are focusing on controlled uses like investments or collateral for loans.
Digital currency has gained importance for cross-border trades as sanctions limit traditional payment channels. Sberbank’s move shows growing competition in the domestic banking sector.
Globally, traditional banks are increasingly moving into digital assets-backed lending. This trend treats digital assets as acceptable collateral within traditional finance.
