Sberbank launches Bitcoin-linked bonds and futures for Russian investors

Sberbank, Russia’s largest state-owned bank, has introduced structured bonds tied to Bitcoin and the USD-RUB exchange rate, initially offered over the counter to qualified investors, according to CoinDesk. Transactions are processed in rubles without requiring crypto wallets or foreign exchanges. The bank will also launch Bitcoin futures via its SberInvestments platform on June 4, following recent regulatory approval for crypto-linked instruments in Russia.