Russia's Largest Bank Sberbank to Launch Crypto Trading Infrastructure by December

Russia's biggest lender, Sberbank, plans to roll out cryptocurrency trading infrastructure and a digital asset depository by December as the country accelerates the integration of crypto into its regulated financial system.

Key points:

• Sberbank aims to launch a digital depository by Dec. 1 to record crypto ownership and process most transactions off chain.
• The platform will support crypto custody, deposits, withdrawals, and transfers through active client wallets.
• Russia's new crypto trading framework takes effect on Sept. 1, with licensed intermediaries becoming mandatory from July 2027.
• Public trading will initially be limited to highly liquid cryptocurrencies meeting strict market capitalization and trading volume requirements.
• Qualified investors will gain access to a broader range of digital assets, while crypto payments for goods and services inside Russia remain prohibited.
• Sberbank has already expanded its digital asset offerings through Bitcoin linked structured bonds and a Bitcoin backed lending pilot.

The move marks another major step in Russia's strategy to bring cryptocurrency under a regulated financial framework while expanding institutional access to digital assets.
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