Sberbank, Russia's largest bank, announced it is testing several DeFi products to address the rapid growth in customer demand for crypto asset trading and holding. Anatoly Popov, Vice Chairman of Sberbank's Management Board, stated that the bank will collaborate with regulators to advance its digital asset-related business and believes that traditional finance and decentralized finance will converge in the future. Popov noted that Sberbank is focusing on asset tokenization and connectivity with DeFi platforms, and has expressed interest in public blockchain solutions such as Ethereum, which possess mature infrastructure and smart contract capabilities. Sberbank currently has a market capitalization of approximately $83 billion and serves approximately 109 million retail customers. (DL News)
Russia's largest bank, Sberbank, is testing several DeFi products.
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