Sber plans to register digital asset issuance platform in September

Sber, Russia’s state-controlled financial and digital giant, continues progressing with the development of its blockchain-based platform for issuing digital assets.

Anatoly Popov, deputy chairman of the executive board at Sber, said his organization is planning to have registered its digital asset issuance platform with the Bank of Russia — the country’s central bank — by mid-September, local news agency TASS reported on Thursday.

Popov said that Sber has started building functionalities to allows third parties to issue digital assets and expects to have rolled out this feature by the end of the year. At the time being, Sber is focused on issuance and management of its own digital financial assets, he added.

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Topics: Blockchain, Corporate, Corporate R&D and innovation, Cryptocurrencies, Decentralized finance, Finance, Fintech, News
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