Sber Launches Bitcoin-Linked Bonds

Sber announced the issuance of structured bonds whose returns are tied to the price movements of the leading cryptocurrency. Currently, the instrument is available to a limited group of qualified investors on the over-the-counter market.

The bank plans to list these securities on the Moscow Exchange in the future. According to the statement, this will enhance their transparency, liquidity, and accessibility for market participants.

Bondholders will be able to earn returns both from changes in the price of Bitcoin in dollars and from the appreciation of the US dollar against the ruble. Investments will not require opening a crypto wallet or using foreign platforms. All transactions are conducted in rubles under Russian law.

Bank representatives also reported that on June 4, a Bitcoin futures contract will become available on SberInvestments. This will occur immediately after the instrument’s launch by the Moscow Exchange.

In April, Russian authorities announced a cryptocurrency exchange aimed at super-qualified investors.

In May, Alexander Zozulya, Director of Sber’s Global Markets Department, stated that the bank will assume the role of liquidity provider and market maker on Russian crypto platforms.