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  • Ligor Fund - Crypto News - Russia's Sberbank Executes First Digital Asset Issue on Its platform

Russia's dominant lender Sberbank on Saturday said it had carried out the first digital financial asset transaction on its own platform, with its subsidiary SberFactoring executing a 1-billion ruble ($16 million) issue with three-month maturity.

The Bank of Russia has long voiced skepticism over cryptocurrencies, but is more open to other digital assets and gave blockchain platform Atomyze Russia the first license to exchange digital assets.

Lender VTB and fintech company Lighthouse carried out the country's first cash-backed digital financial asset transaction in late June.

Sberbank, which received its license in March, said in a statement that digital assets are issued on its platform using blockchain technology and smart contracts.


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