Sberbank, Russia’s Biggest Bank, Launches Digital Asset Offerings

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By BitcoinWiki News

Key Takeaways:

  • Sberbank, Russia’s biggest bank, announced the launch of a digital financial asset and NFT trading platform.
  • The bank added that “qualified investors” can also invest in a blockchain-powered “asset” pegged to the average cost of residential real estate in Moscow.
  • It would offer access to this coin until February 15
  • This official Sberbank DFA platform landing page contains materials that appear to tease the launch of NFT trading offerings.
  • Given Moscow’s general skepticism on crypto-related matters, this appears the most likely scenario.
  • Sberbank, Russia’s most bullish bank on blockchain-related matters, also teased the launch of “Hybrid DFAs.”
  • Big developments could well be in the pipeline for Sberbank, Russia’s other major banking groups, and its IT firms.
  • Nornikel, the country’s most prominent metal miner, announced plans to become the first Russian firm to pay its employees dividends using digital tokens.

1. Introduction
Sberbank, Russia’s largest bank, has launched a new digital financial asset and NFT trading platform. The platform is open to all individuals, with qualified investors also able to invest in a blockchain-powered asset pegged to the average cost of residential real estate in Moscow.

2. Real Estate-Pegged Coin
Sberbank has introduced a digital asset that tracks the value of the Sberbank Digital Square Meter Index (SBERDSMI), which is hosted on the Sberbank CIB Index portal. This token is available for investment until February 15, with a scheduled maturity date between December 11 and December 16, 2026.

The digital asset appears to be similar to a blockchain-powered digital bond or security, with investors having the opportunity to sell the DFA to the issuer before maturity. Sberbank has a Central Bank permit for the issuance, accounting, and circulation of digital financial assets, and the term “DFAs” has been used to describe a wide range of blockchain-powered coins in Russia.

3. NFT Teasing and Hybrid DFAs
Sberbank’s official landing page for the DFA platform includes materials that tease the launch of NFT trading offerings. While the bank did not mention its NFT operations in the press release, it is possible that Sberbank’s NFT offerings could be built on private protocols, given Russia’s general skepticism on crypto-related matters. The bank also teased the launch of “Hybrid DFAs,” which combine conventional monetary aspects with digital property.

4. Russia’s Digital Currency Developments
Sberbank’s move into digital assets and NFT trading comes as the country faces a widespread internet outage. The bank has become a major tech player in Russia and is set to join the second phase of the Russian digital ruble pilot. Additionally, other major banking groups in Russia are making significant developments in the digital currency space, with Nornikel announcing plans to pay its employees dividends using digital tokens.

5. Conclusion
Sberbank’s launch of a digital financial asset and NFT trading platform marks a significant development in Russia’s financial and tech sectors. The move is indicative of the country’s growing interest in blockchain and digital assets, with the potential for major developments in the digital currency space in the near future.

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