Sberbank began cooperating with a blockchain startup

A subsidiary of the largest bank in Russia began to cooperate with the financial blockchain platform Komgo.

The Swiss division of Sberbank entered into a partnership with the Komgo trading platform. The bank will use a blockchain platform to trade commodities and securities.

Komgo – is a startup that has developed a decentralized platform for trading on the Ethereum blockchain. 

Head of the trading department of Sberbank EvgeniyKravchenko said that asset trading – this is one of the main strategic objectives of Sberbank Switzerland AG. According to him, Russia and the CIS countries are the company's key markets, and the Swiss branch is engaged in international trade. 

Sberbank has long been interested in blockchain andcryptocurrencies. We will remind that earlier representatives of the bank announced that by next year they will issue their own digital coin called Sbercoin.

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Based on materialscointelegraph.com