Sberbank, Russia’s Biggest Bank, Launches Structured Bond Tied to Bitcoin
Bitcoin Magazine Sberbank, Russia’s Biggest Bank, Launches Structured Bond Tied to Bitcoin Sberbank, the largest bank in Russia, has launched a new structured bond that ties investor returns to the performance of Bitcoin and the U.S. dollar-to-ruble exchange rate. This new financial product represents one of the first moves by a major Russian institution to offer Bitcoin-linked investments under recently updated national regulations. The structured bond is […] This post Sberbank, Russia’s Biggest Bank, Launches Structured Bond Tied to Bitcoin first appeared on Bitcoin Magazine and is written by Jenna Montgomery.
Bitcoin Magazine
Sberbank, Russia’s Biggest Bank, Launches Structured Bond Tied to Bitcoin
Sberbank, the largest bank in Russia, has launched a new structured bond that ties investor returns to the performance of Bitcoin and the U.S. dollar-to-ruble exchange rate. This new financial product represents one of the first moves by a major Russian institution to offer Bitcoin-linked investments under recently updated national regulations.
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