Sberbank, Russia’s largest financial institution, has rolled out a new structured bond product that offers exposure to both Bitcoin price fluctuations and the USD/RUB exchange rate.
The bonds, initially available over the counter to a select group of qualified investors, provide returns based on two key factors: the future value of Bitcoin (BTC) in U.S. dollars and any appreciation of the U.S. dollar against the Russian ruble.
This innovative product allows investors to gain exposure to cryptocurrency movements without the need for a crypto wallet or access to foreign digital asset exchanges. All transactions are conducted in rubles and fully comply with Russia’s domestic legal and financial infrastructure.
Sberbank also announced plans to list similar crypto-linked structured products on the Moscow Exchange in the near future.
In addition, starting June 4, the bank will launch a Bitcoin futures offering on its SberInvestments platform, coinciding with the product’s debut on the Moscow Exchange.
This development follows recent guidance from the Bank of Russia permitting local financial institutions to offer cryptocurrency-related instruments to qualified investors.
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