Sberbank, Russia’s largest bank, has started offering a new bond product tied to Bitcoin’s price . Based on reports, only qualified investors can buy these bonds right now, and trading happens over the counter.

The bank says it will soon list them on the Moscow Exchange to make them easier to buy and sell. These bonds pay out if Bitcoin rises in value, and they also give investors a bonus if the US dollar strengthens against the ruble. Investors deal in rubles, so there’s no need to own a crypto wallet or use foreign platforms.

Sberbank’s Bitcoin-Linked Bond Offer

According to the bank’s press release , the bonds are for a limited group of investors at first. They plan to make them available on the Moscow Exchange soon. This move means more transparency and the chance for more peopl

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