The Bitcoin-linked structured bonds issued by Sberbank offer returns based on both the U.S. dollar price of Bitcoin and the USD/RUB exchange rate, without requiring a crypto wallet or use of foreign platforms.

Quotes that support claims

Sber told clients the instrument ‘provides investors with two yield mechanisms: they can earn income from future US-dollar value changes in Bitcoin and from a possible US-dollar strengthening against the ruble,’ while requiring neither a crypto wallet nor interaction with ‘unregulated foreign platforms.’

Deputy chairman Anatoly Popov framed Sber’s bonds as the first tangible application of the new regime, promising investors ‘convenient and secure exposure to cryptocurrency assets — without direct ownership of cryptocurrencies, while fully complying with regulatory requirements on Russian infrastructure.’