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Russian banks have been given the green light to offer crypto-related financial products, but only to investors who meet certain qualifications.
The country’s central bank announced on May 28 that licensed financial institutions can provide services tied to cryptocurrency prices, such as derivatives and digital securities, as long as they do not involve transferring actual crypto assets.
Following the announcement, one of Russia’s biggest banks acted quickly. On May 29, T-Bank, formerly known as Tinkoff Bank, introduced a new investment product that tracks Bitcoin’s
$105,948.63
price.
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The product, which the bank refers to as a “smart asset,” enables users to invest directly in rubles through the bank’s app.
T-Bank’s offering is available only to accredited investors and is issued through Atomyze, a state-supported platform that handles digital asset tokenization.
The central bank stated that while exposure to crypto prices is allowed, the products must not involve the direct exchange or delivery of cryptocurrencies.
The decision comes as more Russian residents turn to digital assets. According to the Bank of Russia, local crypto inflows increased by 51% in the first three months of 2025, reaching 7.3 trillion rubles, equivalent to around $81.5 billion.
Meanwhile, Lee Jae-myung, a leading presidential candidate in South Korea, recently proposed launching a stablecoin backed by the Korean won. What did he say about it? Read the full story.
Having completed a Master’s degree in Economics, Politics, and Cultures of the East Asia region, Aaron has written scientific papers analyzing the differences between Western and Collective forms of capitalism in the post-World War II era.With close to a decade of experience in the FinTech industry, Aaron understands all of the biggest issues and struggles that crypto enthusiasts face. He’s a passionate analyst who is concerned with data-driven and fact-based content, as well as that which speaks to both Web3 natives and industry newcomers.Aaron is the go-to person for everything and anything related to digital currencies. With a huge passion for blockchain & Web3 education, Aaron strives to transform the space as we know it, and make it more approachable to complete beginners.Aaron has been quoted by multiple established outlets, and is a published author himself. Even during his free time, he enjoys researching the market trends, and looking for the next supernova.
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