Sber Plans Bitcoin, Ether and USDT-Backed Loans
The bank said the product will expand only after regulators allow the three assets to trade publicly.
- Deputy Chairman Anatoly Popov announced on August 30 that Sberbank plans to accept Bitcoin, Ethereum, and Tether as collateral for corporate loans, pending Central Bank approval.
- President Vladimir Putin signed a new crypto law on August 4, with core provisions taking effect September 1, as the Central Bank proposed Bitcoin, Ether, and USDT for regulated exchange trading.
- The lender previously tested crypto-backed lending in The December 2025 pilot with Intelion Data using Rutoken hardware. Sberbank's digital-financial-asset issuance grew fivefold in 2025 to 408 billion rubles.
- Miners and companies can now pledge coins to secure credit without selling assets, managing borrowing costs amid Russia's 14 percent key rate, though Russia maintains a strict ban on crypto for domestic payments.
- Chief Financial Officer Taras Skvortsov told reporters he sees "no clear interest in this instrument, apart from the Central Bank's" regarding the CBDC, as Sberbank prioritizes private digital assets instead.
18 Articles
18 Articles
Russia’s Biggest Bank Embraces Bitcoin as Collateral as Moscow’s Crypto Rules Take Hold
Sberbank plans to accept Bitcoin, Ethereum and USDT as loan collateral once the Bank of Russia grants approval under new regulations effective September 1. The move builds on a 2025 pilot with miner Intelion Data and aligns with Moscow's framework that permits corporate borrowing against crypto while banning domestic payments. Corporate clients face no purchase caps.
Russia's Largest Bank Sber Eyes BTC, ETH, USDT for Crypto-Backed Loans
Russia’s largest bank plans to expand crypto-backed lending by accepting bitcoin, ether, and tether as collateral after new regulations take full effect. Sberbank says the initiative will build on its digital asset loan pilot. Sberbank Plans to Expand Crypto-Backed Lending Sber, Russia’s largest bank, majority-owned by the government, plans to accept bitcoin, ether, and tether […]
Sberbank To Accept Loans Backed In Bitcoin, Ethereum, and USDT
Sberbank, Russia’s largest bank, is fully taking advantage of President Vladimir Putin’s major crypto reforms. The institution is preparing to leverage the Central Bank of the Russian Federation’s (also known as the Central Bank of Russia) updated framework, which will allow banks to accept digital assets as security by September 1. Sberbank Recognizing Bitcoin, Ethereum, […] The post Sberbank To Accept Loans Backed In Bitcoin, Ethereum, and USD…
Russia's largest bank, Sberbank, is preparing to expand its cryptocurrency-backed loan products. The bank plans to accept Ethereum (ETH) and Tether (USDT) as collateral for loans in addition to Bitcoin (BTC) in the future. According to the Russian news agency TASS, Sberbank Deputy Chairman of the Board Anatoly Popov stated that the bank will continue to develop its digital asset-backed loan products. Popov said that Sberbank […] Source: Bitcoins…
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