Russia's Sberbank executes first digital asset issue on its platform
Business
11:16 10 Jul, 2022
Sberbank's platform will soon be available to all the bank's corporate clients
Russia's dominant lender Sberbank on Saturday said it had carried out the first digital financial asset transaction on its own platform, with its subsidiary SberFactoring executing a $16 million issue with three-month maturityç Qazet.az reports.
The Bank of Russia has long voiced scepticism over cryptocurrencies, but is more open to other digital assets and gave blockchain platform Atomyze Russia the first licence to exchange digital assets.
Sberbank, which received its licence in March, said in a statement that digital assets are issued on its platform using blockchain technology and smart contracts.