TechFlow, June 3 — According to Cointelegraph, Sber, Russia's largest commercial bank, has launched a structured bond product linked to Bitcoin, tracking both Bitcoin price movements and the USD/RUB exchange rate. The bond is currently available over-the-counter to qualified investors and is planned for listing on the Moscow Exchange in the future to enhance transparency, liquidity, and investment accessibility.
Sber stated that the bond allows holders to benefit from changes in Bitcoin’s USD value and fluctuations in the USD/RUB exchange rate. All transactions are settled in rubles within the framework of Russian regulations, without reliance on cryptocurrency wallets or unregulated platforms. Additionally, Sber plans to launch cryptocurrency-related exchange-traded products (ETPs) on its SberInvestments platform, with the first product being a Bitcoin futures ETP expected to debut on the Moscow Exchange on June 4.
