Russia’s largest bank, Sberbank, prepares to issue crypto-backed loans

Russia’s largest bank, Sberbank, is taking significant steps toward expanding its financial services by preparing to issue loans that are backed by cryptocurrencies. This move is indicative of the bank's effort to embrace digital assets and aligns with the growing global trend of integrating blockchain technology into traditional banking practices. By offering crypto-backed loans, Sberbank aims to provide its customers with innovative financing solutions while navigating the evolving regulatory landscape surrounding cryptocurrencies in Russia. This initiative also reflects the broader interest in the adoption of digital currencies within the banking sector and could position Sberbank as a leader in the field of crypto finance. source: https://www.coindesk.com/business/2026/02/06/russia-s-largest-bank-sberbank-prepares-to-issue-crypto-backed-loans