The largest Russian State Bank Sber on the Moscow Exchange was the first issue of bonds, the yield of which depends on the dynamics of bitcoin price in rubles.

Sberbank assured that the exchange instrument is able to provide profitability up to 100% of the investment amount without the need to acquire bitcoin. Bonds are intended exclusively for qualified investors. The bank called the product the first in the line of Russian exchange cryptoproods.

According to the director of the Department of Global Markets of Sberbank, Alexander Zozuli, the successful experience of placing such off -arms structural bonds has become a positive signal for the further development of this market. The bank intends to expand the line of products related to crypto actures, promised the top manager.

The possibility of issuing such papers appeared after the Bank of Russia explained that financial organizations can offer qualified investors securities and derivatives with a binding to the cost of cryptocurrencies – subject to the absence of the actual sale of crypto assets.

Earlier, the Executive Director for Alternative Payment Decisions of Sber, Anatoly Pronin, said that the bank is ready to provide services for the storage of crypto assets and has already sent a notification to the Central Bank of the Russian Federation.