Sberbank, Russia’s leading bank, has unveiled a new structured bond designed to track the performance of Bitcoin alongside the U.S. dollar to Russian ruble exchange rate.
Initially offered over the counter to a restricted group of qualified investors, these bonds allow returns based on two variables: Bitcoin’s price in U.S. dollars and any increase in the dollar’s value against the ruble.
This product provides investors with cryptocurrency exposure without requiring them to manage crypto wallets or engage with international crypto exchanges. All transactions are carried out in rubles, fully integrated within Russia’s legal framework and financial infrastructure.
The bank has also announced intentions to introduce similar structured crypto-linked financial products on the Moscow Exchange.
Furthermore, Sberbank plans to launch a Bitcoin futures product on its SberInvestments platform on June 4, in coordination with the futures listing on the Moscow Exchange.
This initiative follows recent regulatory changes from the Bank of Russia that allow domestic financial firms to offer crypto-related investment products to qualified investors.
