The instrument, at least in its initial stage, will be only for qualified investors.
This same week, Sberbank will launch a Bitcoin futures product.
Sberbank, which is the largest bank in Russia, launched a New structured bond that offers exposure to the price of Bitcoin (BTC) Already the variations of the exchange rate between the US dollar and the Russian ruble.
The instrument is initially available for investors qualified through the extraburstable market (OTC) and the operations are carried out in rubles within the local financial system.
This bonus allows its holders to obtain yields based on two variables: the future evolution of the BTC price in dollars and strengthening the dollar against ruble. All transactions are processed within the legal and infrastructural framework of Russia.
In addition, Sberbank advertisement that On June 4 he will launch a Bitcoin futures product Through its Sberinvestments platform, which will be listed in the Moscow Stock Exchange. The initiative is part of a broader movement in the country, after the Bank of Russia – as cryptootics reported it – authorized financial institutions to offer instruments linked to cryptocurrencies for qualified investors.
