Russia's biggest bank executes first digital asset transaction on its blockchain platform (via Yogita_Khatri5)
has good prospects, since the digital format significantly speeds up and simplifies the process of issuing financial instruments and lowers the threshold for entering the market," he said.
Sberbank's blockchain platform is operating in pilot mode for a limited number of users, but soon all corporate clients of the bank will be able to connect to it.Last month, Russia's second-biggest bank, VTB's subsidiary VTB Factoring, executed its first cash-backed digital financial asset transaction in partnership with the fintech company Lighthouse.
© 2022 The Block Crypto, Inc. All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.Yogita is a senior reporter at The Block and covers all things crypto. Before joining The Block, Yogita worked for CoinDesk and The Economic Times. She can be reached at
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