Russia’s Banking Giant Sberbank Makes a Massive Crypto Move

Sberbank plans crypto trading infrastructure and digital custody by Dec 2026 under Russia’s new digital asset law.

Sberbank, Russia’s largest bank, is preparing a major push into cryptocurrency. The bank plans to launch trading infrastructure and a digital asset depository by December 1, 2026. 

First Deputy Chairman Alexander Vedyakhin confirmed the timeline through Interfax.

The rollout will connect directly to Sberbank Online and SberInvestments, the bank’s two flagship apps. It follows Russia’s new digital currency law, which the State Duma adopted on July 21.

Sberbank’s New Crypto Infrastructure Plan

The digital depository sits at the center of Sberbank’s plan. It will track clients’ cryptocurrency ownership and record transactions that happen off the main blockchain, as reported by Interfax. 

Vedyakhin described it as a system that also processes active wallet transfers for client currency orders.

Sberbank intends to have this infrastructure fully operational by the December 1 deadline. The bank frames the depository as a foundation piece, not the final product. 

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