Deputy Chairman of the Board of Sberbank Anatoly Popov said that the largest state-owned bank is closely monitoring the development of cryptocurrencies and is going to conduct the first cryptotransaction in the near future.
The first deal with CFA on Sberbank’s own platform will take place within a month, reported
deputy chairman The State Banker added that Sber is monitoring the development of innovative financial technologies, including studying the field of blockchains and distributed registries.
“Currently, there are many projects using them, and in Sberbank, of course, too. In the spring, we were included in the register of information system operators in which digital financial assets are issued. Our platform has already passed acceptance tests, and the first transaction will take place within a month,” Popov said.
The Bank of Russia included Sberbank in the register of CFA operators back in March. Legal entities added to the register will be able to issue digital financial assets (DFA) on the Sberbank blockchain platform and make other transactions stipulated by law in a month. At the initial stage, the Sberbank platform will provide legal entities with the opportunity to attract investments by issuing their own CFAs, as well as to place temporarily free funds to generate income through their acquisition.
In September last year, Sberbank announced the completion of work on creating its own application for issuing CFA and registering a blockchain platform with the regulator. Earlier, Deputy Chairman of the Board Anatoly Popov said that the bank had applied to the Central Bank of the Russian Federation to register a platform for issuing its own stablecoin – Sbercoin. In 2020, Sberbank successfully tested the interaction of its corporate platform based on the Hyperledger Fabric blockchain with the Waves Enterprise platform.
Source: Bits

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