₽750 Million: Russia’s Largest Bank Buys Commercial Bonds on a Blockchain

It’s only a matter of time…
Every Tom, Dick and Harry gets on board.

₽750 Million: Russia’s Largest Bank Buys Commercial Bonds on a Blockchain

The investment and corporate banking arm of Sberbank and telecom giant MTS have laid claim to conducting Russia’s first commercial bond transaction using blockchain technology.

In an announcement, MTS revealed it had placed commercial bonds worth RUB 750 million (approx. $12 million) on a proprietary blockchain platform provided by the country’s National Settlement Depository powered by smart contracts technology……

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