Russia’s Sberbank to Allow Users to Issue NFTs on Its Blockchain Platform

Russia’s Sberbank to Allow Users to Issue NFTs on Its Blockchain Platform


Recognizing existing demand for non-fungible tokens, or NFTs, one of the largest banks in Russia, Sberbank, now intends to allow users to issue them on its blockchain platform. The financial institution also plans to cooperate with art sites and galleries across the country.

Sberbank to Give Clients Opportunity to Mint NFTs

An option providing users with the chance to issue their own non-fungible tokens should appear on Sberbank’s blockchain platform in the fourth quarter of the year, the bank’s Deputy Chairman Anatoly Popov unveiled during the Eastern Economic Forum in Vladivostok.

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The high-ranking executive added that the Russian banking giant plans to start cooperating on projects with art sites, galleries, and potentially sports organizations for NFT releases related to games and tournaments.

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