Overview
- The loan is secured by cryptocurrency mined by Intelion Data, with collateral held in Sberbank’s in-house Rutoken custody platform.
- Sberbank labeled the transaction a pilot and withheld the loan’s size, tenor, and detailed collateral terms to focus on technical and legal validation.
- Deputy chair Anatoly Popov said regulation remains in its infancy and the bank will coordinate with the Central Bank to shape compliant digital-asset services.
- Sberbank signaled the structure could extend beyond miners to other companies holding crypto, building on its broader experiments with DeFi tools and crypto-linked products.
- Intelion Data is among Russia’s largest industrial miners, reporting $79 million in 2024 revenue and expanding facilities near the Kalinin Nuclear Power Plant in Tver.