$BTC Bonds Launch as Russia's Sber Goes #Crypto
#Sber has launched
$BTC -linked bonds now trading on OTC markets, with a Moscow Stock Exchange listing planned.
The structured bonds track
$BTC price movements and dollar-to-ruble exchange rates for qualified investors.
All transactions occur in rubles within Russia's regulatory framework, eliminating #crypto wallet requirements.
Sber will also launch
$BTC futures products on its SberInvestments platform starting June 4.
Russia's central bank recently permitted financial institutions to offer #crypto instruments to accredited investors.
Russian residents hold approximately 827 billion rubles worth of cryptocurrency on centralized exchanges.
$BTC commands a 62% share on Russian crypto exchanges, with
$BTC leading all digital assets.
