Russian megabank tests DeFi to meet surging customer demand for crypto

Sberbank, Russia’s biggest bank, says it’s testing a range of DeFi products as its clients show a greater keenness to trade and hold crypto. Speaking to the Russian media outlet RBC, Anatoly Popov, the deputy chair of Sberbank’s management board, said the firm will “develop digital asset offerings in collaboration with regulators.” “Sberbank is already testing various DeFi products,” Popov said. “We are confident that traditional banking and DeFi will soon converge.” Popov did not specify any DeFi prot ...