TechFlow news, December 16 — According to Dlnews, Sberbank, Russia's largest bank, is testing multiple decentralized finance (DeFi) products in response to growing customer demand for cryptocurrency trading. Anatoly Popov, Vice Chairman of the bank’s Management Committee, stated that Sberbank will "work with regulators to develop digital asset products" and believes that "traditional banking and DeFi will soon converge."
Although the Russian central bank previously maintained a cautious stance toward cryptocurrencies, its position has softened as Bitcoin mining grows in Russia and more traders adopt crypto for cross-border settlements. Sberbank also expressed interest in public blockchains such as Ethereum and plans to explore asset tokenization and integration with decentralized finance platforms.
Sberbank has a market capitalization of approximately $83 billion and serves around 109 million retail customers and over 3 million corporate clients.
