Sberbank, Russia’s largest bank, has launched an innovative structured bond that offers exposure to bitcoin and the dollar-to-ruble exchange rate. Initially available through over-the-counter (OTC) channels to a select group of qualified investors, these bonds enable holders to profit based on two key factors: the future value of Bitcoin in U.S. dollars and the strength of the dollar against the ruble.
What makes this product particularly appealing is its accessibility—investors can participate without needing a crypto wallet or engaging with foreign crypto exchanges. All transactions are conducted in rubles within Russia’s legal and infrastructural framework, ensuring a secure and compliant experience.
Sberbank has also announced plans to list similar cryptocurrency-linked structured products on the Moscow Exchange, expanding options for investors seeking crypto exposure within the Russian financial system. Additionally, the bank is set to introduce a bitcoin futures product via its SberInvestments platform on June 4, aligning with the exchange listing.
This move follows recent statements from the Bank of Russia, which clarified that financial institutions in the country can now offer cryptocurrency-related instruments to qualified investors. This development signals a significant step forward in Russia’s evolving approach to digital assets and financial innovation.
