Sberbank, Russia's largest bank, is testing several decentralized finance (DeFi) products to meet the growing demand for cryptocurrency trading and holding among its clients. Anatoly Popov, Deputy Chairman of Sberbank's Management Board, stated that the bank will collaborate with regulators to advance its digital asset-related services. He emphasized the potential convergence of traditional finance and DeFi in the future.
Popov highlighted Sberbank's focus on asset tokenization and integration with DeFi platforms, expressing interest in public blockchain solutions like Ethereum, known for their mature infrastructure and smart contract capabilities. Sberbank, with a market capitalization of approximately $83 billion, serves around 109 million retail customers.
Sberbank Tests DeFi Products Amid Rising Crypto Demand
Disclaimer: The content provided on Phemex News is for informational purposes only. We do not guarantee the quality, accuracy, or completeness of the information sourced from third-party articles. The content on this page does not constitute financial or investment advice. We strongly encourage you to conduct you own research and consult with a qualified financial advisor before making any investment decisions.
