Sberbank, Russia’s largest bank, is piloting a variety of DeFi offerings

Sberbank is testing several DeFi products in response to increasing client interest in cryptocurrencies. Deputy Chairman Anatoly Popov highlighted the bank’s aim to converge traditional banking with DeFi while collaborating with regulators on digital asset development.

Popov noted Sberbank’s focus on public blockchains for asset tokenization, specifically mentioning Ethereum due to its strong infrastructure. The bank is keen on networks that facilitate transparency and international market access.

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