Russia’s dominant lender Sberbank on Saturday said it had carried out the first digital financial asset transaction on its own platform, with its subsidiary SberFactoring executing a 1-billion rouble ($16 million) issue with three-month maturity.
Sberbank, which received its licence in March, said in a statement that digital assets are issued on its platform using blockchain technology and smart contracts.
Russia is working on improving its monitoring of cryptocurrency transactions and may begin introducing regulation of the industry later this year, officials said this week.