The Largest Russian Bank Issues Its First Bitcoin Bonds

Russia’s largest bank reaches a historic milestone by offering structured bonds backed by bitcoin. This initiative by Sberbank is part of a broader Moscow strategy to circumvent Western sanctions.

Bitcoin Bonds Issued by Sberbank

Sberbank, the Russian banking giant with $550 billion in assets, has just reached a historic step.

The bank now offers Bitcoin bonds to a select group of wealthy investors. A first in Russia marking a turning point in crypto adoption by the traditional banking system.

These new financial products work cleverly. Investors make money in two ways: when bitcoin increases in value and when the dollar strengthens against the Russian ruble, in a context where Asia accelerates its de-dollarization with a monetary reform plan in ASEAN.

Specifically, even if bitcoin stagnates, the investor can benefit from the depreciation of the ruble. These bonds remain denominated in rubles to comply with Russian law.

The Russian Central Bank has given its green light after years of distrust. It now allows banks to create crypto-related products.

But beware: the rules remain strict. Banks must fully cover their risks and respect exposure limits. Above all, they cannot buy bitcoin directly.

This cautious approach reveals Moscow’s strategy: to exploit crypto potential while maintaining control. Banks act as intermediaries but do not directly expose themselves to bitcoin fluctuations.

A Strong Signal in the Current Geopolitical Context

Sberbank’s ambition does not stop at bitcoin. The bank already plans to create bonds on other key cryptos: Ethereum, Solana, or XRP.

Better yet, these products could be listed on the Moscow Exchange. This would democratize crypto access for all Russian investors.

This crypto offensive responds to a major geopolitical challenge. Since the 2022 sanctions, Russia has been seeking alternatives to the Western financial system.

Moscow is already experimenting with crypto payments for its grain exports, totaling 49.5 million tons to be sold. The goal: to bypass SWIFT network blockages.

The numbers speak for themselves. According to the Russian Central Bank, bitcoin outperformed all other assets in 2024 with nearly 40% gains. This exceptional performance fuels Russian savers’ appetite despite the risks of sharp crashes. The Moscow Exchange also plans to launch its own crypto products as early as June.

Sberbank opens a new era for Russian finance. By combining financial innovation and geopolitical strategy, Moscow is turning bitcoin into an economic weapon. Cryptos thus become both a tool of resistance to sanctions and an investment opportunity for Russians.