Russia’s largest bank, Sberbank, performed the first digital financial transaction on its blockchain-based platform.
Sberbank said in a statement today that it has concluded the first transaction with its subsidiary SberFactoring, amounting to 1 billion rubles (about $ 15 million) with a maturity of three months.
Anatoly Popov, vice chairman of the board of directors of Sberbank, said:
“The launch of the platform and our achievement of operator status is the result of the teamwork of many departments of our bank in close cooperation with the Bank of Russia”
Although Sberbank’s blockchain platform is operating in pilot mode for a limited number of users, soon all corporate customers of the bank will have the opportunity to take advantage of the platform.
The bank plans to transact with more types of financial assets in the future.
