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Russia’s Sberbank PJSC Forays Into the Digital Assets Space -Breaking

by Mike Robinson

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Russia’s Sberbank PJSC Forays Into the Digital Assets Space
  • Russia’s Central Bank grants a license to issue and exchange digital assets to Sberbank PJSC.
  • Sberbank was included in the “List of Information System Operators” that issue digital financial assets.
  • This development comes after Sberbank abandoned its European business after backlash resulting from Russia’s attack on Ukraine.

On March 17, Russia’s Central Bank granted Sberbank PJSC a license to issue and exchange digital assets. The Central Bank also added Sberbank to its list of information system operators that issue digital financial assets (DFAs).

Sberbank’s digital assets platform will record and circulate any DFAs issued via an information system based on distributed ledger technology (DLT). Sberbank’s digital assets platform ensures data security, and renders data immutable.

Accordingly, companies will be able to avail the opportunities of Sberbank’s digital assets platform. These are:

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