#CUDISBinanceTGE Sberbank, the largest Russian bank👀👀👀, has issued its first bonds linked to Bitcoin🔥🔥🔥.
These structured bonds are currently offered to a limited number of qualified investors, allowing them to benefit from the performance of Bitcoin's price against the US dollar, as well as strengthening the US dollar against the Russian ruble, without the need to hold Bitcoin directly. All transactions are conducted in Russian rubles and within the Russian financial infrastructure😎😎😎.
This move comes after the Central Bank of Russia approved products linked to digital currencies for qualified investors😌😌. Sberbank also plans to launch similar structured investment products linked to Bitcoin for trading on the Moscow Exchange😌😌, in addition to Bitcoin futures contracts via its investment platform "Sber Investments" in June😌😌😌.
This development indicates a growing interest in digital assets in Russia😎😎😎, and the efforts of major financial institutions to integrate them into the traditional banking system🥱🥱🥱.
