Russia’s largest commercial bank, Esber, has launched BitCoin -linked bond products that track the price cryptocurrency change and the dollar exchange rate.
This product is already available to eligible investors in the counter market, and Esber plans to make this product list at the Moscow Stock Exchange in the future, the company said in a statement May 30.
SBR added that transparency, liquidity and convenience will be ensured for the wide range of several qualified investors in the listing.
Esber said structural bond holders could allow BitCoin (BTC) to change the value of the dollar and earn revenue from the dollar against the Russian ruble.
🇷🇺 Updated: Russia’s largest bank, Seber Bank, launched Bitcoin and US Dollar/Rig Bonds, with it $ Btc Futures are on the Moscow Exchange on June 4. pic.twitter.com/kr8r6Qguhs
– Cointelegraph (@Quintel Graph) June 2, 2025
The bank said that all transactions are done in the ruble within Russia’s regulatory framework, so investors do not need to rely on crypto wallets or unorganized platforms.
Esber said he would also offer exchange trade products that would provide Crypto on its cyber investment platform-which will start with the Bitcoin Future Product, which the bank said on June 4 should formally listen to the Moscow Exchange.
Russia’s top bank crypto products green light
Esber’s move came when Russia’s central bank allowed financial institutions to offer some crypto financial equipment to financial institutions on May 28.
However, one of the important prerequisites to the Bank of Russia’s announcement was that financial institutions could not directly offer crypto currencies.
Related: Bitcoin prices as Russia-Ukraine troubles are less than 4 104k
The Moscow -based Tea Bank, which was previously developed by Tankov Bank on the same day, developed the investment -related investment products, which was described as a “smart asset”, which is released by the Russian state -backed Tokinization Platform Attime.
The central bank reports that the Russian residents have about 82 827 billion rubles ($ 9.2 billion) Crypto on the central exchange of the first quarter of 2025.
The Russian crypto platforms also increased by 51 % to 7.3 trillion rubles ($ 81.5 billion) compared to the same timeframe.
The Russian crypto exchange contains 62 % of Bitcoin, followed by Ether (ETH) 22 % and Stubbacon such as Teacher (USDT) and USDC (USDC).
Magazine: Crypto wanted to finish banks, now it is becoming in the Stubbone Fight
