Sberbank of Russia Plans to Launch Cryptocurrency Collateral Loans

DeepFlowTech · 2026-02-06T14:07:08+00:00

Russia's largest bank, Sberbank, plans to launch cryptocurrency-backed loans for corporate clients due to strong customer interest and preparations to establish regulatory rules with the central bank. The bank has issued pilot loans to mining companies and expects relevant legislation to be completed by 2026.

DeepFlowTech

2026-02-06 14:07:08

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Deep Tide TechFlow News, February 6th, according to Reuters, Russia’s largest bank Sberbank is preparing to launch cryptocurrency collateral loans for corporate clients. A bank spokesperson stated that the move is driven by strong interest from corporate clients, and the bank is ready to collaborate with the central bank to develop regulatory rules.

Previously, Sberbank issued its first pilot cryptocurrency collateral loan to mining company Intelion Data by the end of 2025, with the collateral being the cryptocurrencies mined by the company. Currently, the Russian Central Bank classifies cryptocurrencies as foreign exchange assets, allowing trading but prohibiting their use for domestic payments. Russia plans to完善相关立法框架 by July 1, 2026. Additionally, Russia’s Sovkombank has taken the lead in issuing such loans.

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