Russia's largest bank Sberbank issues structured bonds linked to Bitcoin, with the next step being the launch of BTC futures products.

Russia's largest state-owned bank, Sberbank, launched structured bonds linked to bitcoin, opening the first official indirect investment channel for accredited investors to invest in cryptocurrencies. The move comes amid the easing of the central bank's policy, indicating that Russia is cautiously developing its regulated crypto financial market. (Synopsis: Russia's new crypto regulations require "KYC mining", miners must report income on the 20th of each month) (Background supplement: Russia has no plans to build bitcoin reserves, Ministry of Finance: national funds prefer RMB and gold) Russia's largest bank Sberbank announced on the 2nd that it officially launched a (USD/RUB) with Bitcoin and the US dollar against the ruble Exchange rate-linked structured bonds. Marking the first time that Russian financial institutions have provided investors with an official channel to invest indirectly in cryptocurrencies, opening a new chapter in the development of the country's digital asset market. Sberbank Launches Bitcoin-Linked Structured Bonds According to Coindesk, this innovative structured bond product will initially be available to qualified qualified investors through an over-the-counter (OTC) method, investors do not need to open their own cryptocurrency wallets or operate through foreign exchanges, and all transactions will be settled in rubles within Russia. Sberbank emphasized that this design is designed to ensure that the product fully complies with local financial regulations, while also reducing the barrier to entry and complexity for investors to enter crypto-related markets. Central bank policy deregulation: green light for crypto derivatives Sberbank's launch of the new product is closely related to the recent shift in policy direction of the Central Bank of Russia. Just last week (at the end of May), the Central Bank of Russia officially announced that it would allow domestic financial institutions to offer cryptocurrency-linked financial instruments to accredited investors. However, the central bank has also set a strict premise: these products must be "non-deliverable", meaning that investors will not actually hold the underlying cryptocurrency, but will participate in price fluctuations through derivatives. In addition, financial institutions must implement comprehensive risk management measures, including ensuring sufficient collateral and setting clear ceilings on risk exposure, to safeguard the stability of financial markets. Commenting on this policy adjustment, Deputy Chairman of the Bank of Russia Alexey Zabotkin publicly stated: "We recognize the potential of crypto assets as an investment tool, but at the same time, we must also adhere to our responsibility to ensure financial stability. These new regulations are designed to provide financial institutions with room for innovation under a controlled framework and to protect ordinary investors from taking unnecessary and excessive risks." Sberbank expands: more crypto products on the horizon Looking to the future, Sberbank doesn't stop there. According to the official announcement, the bank expects to launch futures products that track the price of bitcoin through its specialized investment platform SberInvestments as soon as June 4. At the same time, Sberbank also plans to list more cryptocurrency-related structured products on Russia's main Moscow Stock Exchange (Moscow Exchange). These subsequent developments will undoubtedly provide investors in Russia with more diversified channels for cryptocurrency investment within the existing regulatory framework. Trends in the Russian Crypto Market: Cautious Openness and Localization Sberbank's actions are not a single event, according to market sources, other large Russian financial institutions, including T-Bank (its predecessor is the well-known Tinkoff Bank), are also actively preparing to launch similar cryptocurrency-related products. In addition, the St. Petersburg Exchange (SPB Exchange) has expressed its intention to launch cryptocurrency futures trading. Taken together, these developments clearly outline that Russia is actively building a regulated crypto financial ecosystem with its own characteristics, but the reasons behind it are inseparable from the country's global financial sanctions, and what will be the impact of the country's decision to accelerate the embrace of cryptocurrencies? What can it teach the rest of the world? It's worth keeping watching. Related reports Bauer, don't be afraid! The U.S. Supreme Court issued a holy decree: to protect the independent status of the Federal Reserve, Trump must not arbitrarily remove officials Fed Barr warned: Trump drags the Fed back! Tariff policy will return the economy to the "early days of the epidemic" Why is the Fed sticking to high interest rates? Fed microphone: Ball is waiting for a "bad enough" recession signal, Goldman Sachs is expected to start cutting interest rates in July "Russia's largest bank Sberbank issues structured bonds linked to bitcoin, next to launch BTC futures products" This article was first published in BlockTempo "Dynamic Trend - The Most Influential Blockchain News Media".