Sberbank Pilots DeFi Solutions Amid Russia’s Crypto Interest Surge
Russia’s largest lender, Sberbank, is testing decentralized finance tools as domestic demand for cryptocurrency exposure grows. Deputy Chair Anatoly Popov confirmed the pilot program in an interview with RBC, signaling institutional curiosity despite strict regulatory oversight.
The MOVE mirrors global banking trends where traditional finance explores blockchain efficiencies. No specific coins or platforms were named, but the initiative highlights Russia’s balancing act between innovation and control.