Making an innovative move, Sberbank, the largest financial institution in Russia, has introduced structured bonds linked to Bitcoin and the USD/RUB exchange rate.

This innovative financial product allows qualified investors to gain exposure to Bitcoin's performance without directly owning the cryptocurrency.

All transactions are processed in rubles in accordance with Russian legislation, eliminating the need for cryptocurrency wallets or foreign exchanges.

Sberbank plans to expand its cryptocurrency offerings by launching similar structured products on the Moscow Exchange.

Additionally, the bank announced the launch of a Bitcoin futures product through its SberInvestments platform, with its debut scheduled for June 4.

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