Russia’s largest bank, Sberbank, is planning to build infrastructure for cryptocurrency trading and aims to launch a digital custody system before Dec. 1. The system is intended to support regulated crypto trading, custody, and settlement, according to Techub, which cited Wu Blockchain. Sberbank, the country’s largest state-owned commercial bank, has continued to expand its presence in blockchain and digital assets in recent years. The planned rollout would add to its service capabilities across crypto trading, asset custody, and settlement.
Sberbank, Russia’s largest bank, is planning to build infrastructure for cryptocurrency trading and aims to launch a digital custody system before Dec. 1 to support regulated crypto trading, custody, and settlement.
According to Techub, citing Wu Blockchain, Sberbank is Russia’s largest state-owned commercial bank and has continued to expand into blockchain and digital assets in recent years. The planned infrastructure would strengthen the bank’s service capabilities in crypto trading, custody, and settlement.
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