March 28, 2024

Sberbank creates Sbercoin building and blockchain platform

Sberbank creates a stablecoin “Sbercoin” and blockchain platform

Sberbank intends to release its own blockchain platform for the purchase of digital financial assets. About itInterfax reports, quoting a statement by Herman Gref, chairman of the board of Sberbank.

In particular, Gref said that the bank is already working on a distributed registry platform where users will be able to purchase digital assets.

"We want to bring to market our new blockchain platform, which will beprovide services for the purchase of digital financial assets, and there we are going to implement from the very beginning the possibility of acquiring "green instruments""Herman Gref said at Investor Day.

Gref also said that the bank is working on its own digital currency called "savingscoin."

"We have, let's say, all the work on this topic, and it is possible that we will start experimenting next year with the production of our currency, the so-called Sbercoins, but, of course, we are very careful about what makesThe central bank is in a negotiation process with the regulator, and this should all be, of course, very much linked to the context that will bechosen as a strategy for the development of the digital ruble"The head of Sberbank said.

It is not known when exactly Sberbank will launch its service.

The head of Sberbank noted that the launch of suchplatform became possible thanks to the entry into force of the Law on Digital Financial Assets (DFA) on January 1, 2021. At the beginning of August, the director of the Transaction Business Division of Sberbank, Sergei Popov, stated that thanks to the CFA law, a certain stablecoin may appear in Russia, which will be tied to the ruble exchange rate and will correspond to the national currency of Russia in a 1:1 ratio.

Let us recall that at the end of October the Prime Minister of the Russian FederationMikhail Mishustin called for the creation of a digital platform from the state “in the good sense of the word.” At the same time, the Prime Minister of the Russian Federation noted that cryptocurrencies, growing in popularity, pose a threat to both central reserve systems, central banks, and financial institutions.

Sberbank creates a stablecoin “Sbercoin” and blockchain platform

</p>

Rate this publication