Sber Launches Bitcoin-Linked Bonds for Qualified Investors

Sberbank has announced the issuance of structured bonds whose returns are linked to the price dynamics of Bitcoin. Currently, this investment option is available only to a select group of qualified investors on the over-the-counter market.

The bank plans to list these securities on the Moscow Exchange in the future, which is expected to enhance their transparency, liquidity, and accessibility for market participants.

Bondholders will benefit from returns based on both the changes in Bitcoin’s price in USD and the appreciation of the US dollar against the Russian ruble. There is no requirement to open a cryptocurrency wallet or use foreign platforms for these investments, as all transactions will be conducted in rubles in compliance with Russian regulations.

Additionally, bank representatives revealed that a Bitcoin futures contract will be made available in SberInvestments on June 4, right after the launch of the instrument by the Moscow Exchange.

To recall, in April, Russian authorities announced plans to create a cryptocurrency exchange aimed at super-qualified investors, defined as those with an annual income exceeding 50 million rubles or investments in securities and deposits above 100 million rubles.

In May, Alexander Zozulya, the director of Sberbank’s Global Markets department, stated that the bank intends to act as a liquidity provider and market maker on Russian cryptocurrency platforms.