Sberbank has provided Russia's first Bitcoin-backed loan.

Sberbank's Innovative Step

Sberbank has granted a Bitcoin-backed loan to Intelion Data, the first Bitcoin miner in Russia. This transaction stands out as a pilot operation that draws attention with its future expansion potential.

Security of the Loan

In the loan process, Sberbank utilized a crypto custody product called Rutoken. This product was used to ensure the security of the Bitcoin collateral, guaranteeing the safety of the assets.

Developments in the Cryptocurrency World

Sberbank continues to work on decentralized financial instruments. Additionally, it supports the gradual legalization of cryptocurrencies in Russia.