Russia's largest bank Sberbank to offer crypto custody services
Sberbank, Russia’s largest bank and lender, says it plans to offer crypto custody services, according to a Thursday announcement. Like the US, Russia’s central bank has begun to soften its stance on the crypto industry, and has begun using crypto products to circumvent sanctions against it for invading Ukraine. In evading these sanctions, crypto has become more popular in the region, and the country’s largest bank looks to capitalize on the attention surrounding cryptocurrency by offering custodial services. JUST IN: Russia's largest bank 'Sberbank' to offer crypto custody services. — Watcher.Guru (@WatcherGuru) July 17, 2025 Anatoly Pronin is the executive director of Sberbank’s alternative payment solutions division. Pronin said on Thursday that Sberbank had sent proposals to the central bank regarding the regulation and custody of crypto assets in the country, following the increasing number of banks elsewhere that are starting to provide custody servic...