Sberbank to Deploy Crypto Trading Infrastructure in 2024, Russia
Sberbank, Russia’s largest bank, says it plans to roll out cryptocurrency trading infrastructure by Dec. 1, including a “digital depository” designed to record customers’ crypto ownership and handle transactions largely outside the public blockchain. Interfax reported that the depository will track rights in clients’ cryptocurrency positions and process most transfers off-chain, while Sberbank will also run active wallets for deposits, withdrawals, and client-initiated transfers.