Rosselkhozbank (RSB) is considering the use of cryptocurrencies in grain trading, as reported by the Interfax agency citing a statement from the bank.
"We believe that cryptocurrencies could become a convenient alternative tool, and at the moment we are jointly with the Central Bank and all interested parties exploring the possibility of using cryptocurrency funds for payments in grain trading," said Irina Zhachkina, First Deputy Chairperson of the RSB Management Board, as quoted by the press service.
In late May, the Bank of Russia announced that financial institutions can offer qualified investors financial instruments, securities, and digital assets, the income of which depends on the cryptocurrency value. The main condition is that such instruments should not involve the actual transfer of cryptocurrency.
Following the announcement, the Moscow Exchange announced the launch of futures trading on cryptocurrency, scheduled to begin on June 4. Saint Petersburg Exchange also expressed its intention to start trading futures whose price depends on the cryptocurrency rate. Sberbank announced the development of structured bonds, the yield of which is linked to price changes in cryptocurrency. T-Bank and Alfa-Bank have issued digital financial assets tied to cryptocurrencies.
RSB is a fully state-owned bank, with all shares being state property. As of the results of the first quarter of 2025, Rosselkhozbank ranks sixth in terms of assets in the "Interfax-100" rating, compiled based on "Interfax-CEA" data.
