Share
Share this article
Copy linkX (Twitter)LinkedInFacebookEmail
Finance
Share
Share this article
Copy linkX (Twitter)LinkedInFacebookEmail
Sberbank issues Russia's first crypto-backed
Finance
Share
Share this article
Copy linkX (Twitter)LinkedInFacebookEmail
Sberbank issues Russia's first crypto-backed
Sberbank issues Russia's first crypto-backed loan to bitcoin miner Intelion Data
Sberbank issues Russia's first crypto-backed loan to bitcoin miner Intelion Data
Sberbank used its in-house crypto custody tool to back a loan for mining firm Intelion Data, signaling broader interest in crypto lending.
By Olivier Acuna|Edited by Sheldon Reback
Dec 29, 2025, 11:51 a.m.
Russia's majority state-owned bank, Sberbank, issued the country's first crypto-backed loan. (Perituss/Wikimedia Commons modified by CoinDesk)
What to know:
- Sberbank issued Russia's first bitcoin-backed loan to a major bitcoin miner, marking a pilot transaction with potential for future expansion.
- The loan utilized Sberbank's crypto custody product, Rutoken, to secure the bitcoin collateral, ensuring asset safety.
- Sberbank is exploring decentralized finance instruments and supports the gradual legalization of cryptocurrencies in Russia.
Sberbank, Russia’s second-largest bank, issued the country's first bitcoin-backed loan to one of its largest bitcoin miners, calling the transaction a pilot and suggesting it was keen to issue more in the future
“We believe this product will be relevant not only for cryptocurrency miners, but also for companies that own cryptocurrencies,” the bank said in a statement. It did not disclose the loan amount.
STORY CONTINUES BELOW
Huwag palampasin ang isa pang kuwento.Mag-subscribe sa Crypto Daybook Americas Newsletter ngayon. Tingnan lahat ng newsletter
I-sign up ako
The bank said it used its own crypto custody product, Rutoken, to hold the bitcoin used as collateral for the crypto loan. “The loan was secured by digital currency mined by [Intelion Data]. This guarantees the assets’ safety during the loan period,” Sberbank said.
According to RBC Crypto, IntelionData CEO Timofey Semenov said the loan is an important practical example for the industry and an indicator that the market is reaching a new level, which, if proven effective, could be scaled up and used in the Russian mining industry.
Anatoly Popov, Sberbank's deputy chairman, said the bank already offers clients structured bonds and digital financial assets with investments in bitcoin, ether ETH$2,927.19 and cryptocurrency baskets, the Russian news outlet added. Popov also said the bank is currently testing decentralized finance (DeFi) instruments and supports the gradual legalization of cryptocurrencies within the Russian legal framework.
SberbankBitcoin NewsBitcoin MiningCryptoLoans
Higit pang Para sa Iyo
State of the Blockchain 2025
Commissioned byInput Output Group
L1 tokens broadly underperformed in 2025 despite a backdrop of regulatory and institutional wins. Explore the key trends defining ten major blockchains below.
Ano ang dapat malaman:
2025 was defined by a stark divergence: structural progress collided with stagnant price action. Institutional milestones were reached and TVL increased across most major ecosystems, yet the majority of large-cap Layer-1 tokens finished the year with negative or flat returns.
This report analyzes the structural decoupling between network usage and token performance. We examine 10 major blockchain ecosystems, exploring protocol versus application revenues, key ecosystem narratives, mechanics driving institutional adoption, and the trends to watch as we head into 2026.
View Full Report
Higit pang Para sa Iyo
South Korean financial group Mirae Asset eyes crypto exchange Korbit acquisition: report
The financial group is in talks to acquire a 92% stake in Korbit for a as much as 140 billion won ($97 million).
Ano ang dapat malaman:
- Seoul-based Mirae Asset is considering buying South Korean cryptocurrency exchange Korbit.
- The financial group is in talks to acquire a 92% stake for as much as 140 billion won ($97 million).
- The exchange is the fourth-largest in terms of trading volume out of the six incorporated in South Korea.
Basahin ang buong kwento
Latest Crypto News
South Korean financial group Mirae Asset eyes crypto exchange Korbit acquisition: report
Bitcoin reverses early gains, drops below $88,000 as Nasdaq futures wilt
Bitcoin whales have been the main accumulators in the $80,000 range
Tokenized silver volumes explode as metal's price rises to record
Digital yuan holdings to earn interest under China's new framework
XRP and Cardano need to prove they're useful beyond just fans, Mike Novogratz says
Top Stories
Bitcoin reverses early gains, drops below $88,000 as Nasdaq futures wilt
Digital yuan holdings to earn interest under China's new framework
South Korean financial group Mirae Asset eyes crypto exchange Korbit acquisition: report
Tokenized silver volumes explode as metal's price rises to record
Ethereum’s ‘Hegota’ upgrade slated for late 2026 as devs accelerate roadmap
Bitcoin whales have been the main accumulators in the $80,000 range
Disclaimer: The articles reposted on this site are sourced from public platforms and are provided for informational purposes only. They do not necessarily reflect the views of MEXC. All rights remain with the original authors. If you believe any content infringes on third-party rights, please contact service@support.mexc.com for removal. MEXC makes no guarantees regarding the accuracy, completeness, or timeliness of the content and is not responsible for any actions taken based on the information provided. The content does not constitute financial, legal, or other professional advice, nor should it be considered a recommendation or endorsement by MEXC.
You May Also Like
WIF Price Prediction: Dogwifhat Targets $0.47 Breakout After Recent Whale Accumulation
The post WIF Price Prediction: Dogwifhat Targets $0.47 Breakout After Recent Whale Accumulation appeared on BitcoinEthereumNews.com. James Ding Jan 15, 2026
Share
BitcoinEthereumNews2026/01/16 06:53
Trading time: Tonight, the US GDP and the upcoming non-farm data will become the market focus. Institutions are bullish on BTC to $120,000 in the second quarter.
Daily market key data review and trend analysis, produced by PANews.
Share
PANews2025/04/30 13:50
IP Hits $11.75, HYPE Climbs to $55, BlockDAG Surpasses Both with $407M Presale Surge!
The post IP Hits $11.75, HYPE Climbs to $55, BlockDAG Surpasses Both with $407M Presale Surge! appeared on BitcoinEthereumNews.com. Crypto News 17 September 2025 | 18:00 Discover why BlockDAG’s upcoming Awakening Testnet launch makes it the best crypto to buy today as Story (IP) price jumps to $11.75 and Hyperliquid hits new highs. Recent crypto market numbers show strength but also some limits. The Story (IP) price jump has been sharp, fueled by big buybacks and speculation, yet critics point out that revenue still lags far behind its valuation. The Hyperliquid (HYPE) price looks solid around the mid-$50s after a new all-time high, but questions remain about sustainability once the hype around USDH proposals cools down. So the obvious question is: why chase coins that are either stretched thin or at risk of retracing when you could back a network that’s already proving itself on the ground? That’s where BlockDAG comes in. While other chains are stuck dealing with validator congestion or outages, BlockDAG’s upcoming Awakening Testnet will be stress-testing its EVM-compatible smart chain with real miners before listing. For anyone looking for the best crypto coin to buy, the choice between waiting on fixes or joining live progress feels like an easy one. BlockDAG: Smart Chain Running Before Launch Ethereum continues to wrestle with gas congestion, and Solana is still known for network freezes, yet BlockDAG is already showing a different picture. Its upcoming Awakening Testnet, set to launch on September 25, isn’t just a demo; it’s a live rollout where the chain’s base protocols are being stress-tested with miners connected globally. EVM compatibility is active, account abstraction is built in, and tools like updated vesting contracts and Stratum integration are already functional. Instead of waiting for fixes like other networks, BlockDAG is proving its infrastructure in real time. What makes this even more important is that the technology is operational before the coin even hits exchanges. That…
Share
BitcoinEthereumNews2025/09/18 00:32