Overview
- Sberbank said the transaction is a pilot and described it as the country’s first loan formally secured by cryptocurrency.
- The collateral was transferred into the bank’s Rutoken custody system and remains locked until obligations are met.
- Key terms such as loan size and duration were not disclosed, signaling a conservative operational test rather than a showcase deal.
- The bank said the product could suit companies that hold digital assets on their balance sheets as regulation develops.
- Intelion Data’s CEO said the structure lets miners access financing without selling bitcoin and could be scaled if it proves effective.