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The Largest Russian Bank Issues Its First Bitcoin Bonds

Russia’s largest bank reaches a historic milestone by offering structured bonds backed by bitcoin. This initiative by Sberbank is part of a broader Moscow strategy to circumvent Western sanctions.

Sberbank, the Russian banking giant with $550 billion in assets, has just reached a historic step.

The bank now offers Bitcoin bonds to a select group of wealthy investors. A first in Russia marking a turning point in crypto adoption by the traditional banking system.

These new financial products work cleverly. Investors make money in two ways: when bitcoin increases in value and when the dollar strengthens against the Russian ruble, in a context where Asia accelerates its de-dollarization with a monetary reform plan in ASEAN.

The Largest Russian Bank Issues Its First Bitcoin Bonds

Russia’s largest bank reaches a historic milestone by offering structured bonds backed by bitcoin. This initiative by Sberbank is part of a broader Moscow strategy to circumvent Western sanctions.

Sberbank, the Russian banking giant with $550 billion in assets, has just reached a historic step.

The bank now offers Bitcoin bonds to a select group of wealthy investors. A first in Russia marking a turning point in crypto adoption by the traditional banking system.

These new financial products work cleverly. Investors make money in two ways: when bitcoin increases in value and when the dollar strengthens against the Russian ruble, in a context where Asia accelerates its de-dollarization with a monetary reform plan in ASEAN.

https://www.cointribune.com/en/the-largest-russian-bank-issues-its-first-bitcoin-bonds/