Russia’s biggest bank wants to let its customers hold crypto the same way they hold rubles. Sberbank, which serves over 110 million clients, is planning to launch a crypto wallet and digital depository service by December 1, 2026, pending the passage of new digital asset legislation currently working its way through the State Duma.
The service would be baked directly into Sberbank Online and SberInvestments, the bank’s existing consumer-facing platforms.
The numbers behind the bet
The bank’s digital financial asset platform already processed RUB 408 billion, roughly $4.9 billion, in transactions during 2025. That figure represents a 5.6x increase from the prior year.
Sberbank’s own DFA holdings tell a similar story. The bank reported a sevenfold surge in its digital asset positions, reaching RUB 185 billion within just six months in 2025.
