Sberbank, Russia's largest bank, plans to launch a crypto trading and custody infrastructure by December under Russia's new regulatory framework taking effect September 1.
DeFi & Yields ·
Sberbank announced plans to establish cryptocurrency trading infrastructure and a digital custody system operational by December 1, positioning the bank to offer regulated crypto services. The custody arrangement will track customer crypto ownership while routing most transactions off-chain, with Sberbank itself holding and managing custody wallets for deposits, withdrawals, and transfers.
The initiative aligns with Russia's new crypto regulatory framework, which enters force on September 1. Licensed intermediary requirements are scheduled to take effect in July 2027, establishing the compliance timeline within which the bank's infrastructure must operate.
The exact scope of trading pairs, fees, customer eligibility criteria, and technical integration with Russia's broader regulatory apparatus remain unspecified. It is also unclear whether other Russian financial institutions plan comparable systems in the same timeframe.