Russia’s largest bank, Sberbank, is preparing to launch loans backed by Bitcoin $BTC
BTC
64,094.01
-4.41%
, marking a major step toward crypto adoption by traditional finance. The plan follows a successful pilot deal with a crypto mining firm, where $BTC was used as collateral instead of being sold. This approach allows investors to unlock liquidity while holding their Bitcoin, strengthening BTC’s role as a store of value. With legislation expected by mid-2026, the move signals growing institutional confidence in Bitcoin and could encourage other global banks to explore crypto-backed lending solutions.