Russia Approves Crypto-Tied Investments With Strict Limits

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Russia Approves Crypto-Tied Investments With Strict Limits

Written by Aaron S.,

Editor-In-Chief

Last Updated: May 29, 2025

Key Takeaways

Russia now allows banks to offer crypto-linked products to accredited investors, as long as actual crypto is not exchanged;
Local crypto inflows hit ₽7.3T ($81.5 billion) in Q1 2025, marked a 51% rise in digital asset activity;
T-Bank quickly launched a Bitcoin-tracking product for qualified users, issued via the state-backed Atomyze platform.

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Russia Approves Crypto-Tied Investments With Strict Limits

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Russian banks have been given the green light to offer crypto-related financial products, but only to investors who meet certain qualifications.

The country’s central bank announced on May 28 that licensed financial institutions can provide services tied to cryptocurrency prices, such as derivatives and digital securities, as long as they do not involve transferring actual crypto assets.

Following the announcement, one of Russia’s biggest banks acted quickly. On May 29, T-Bank, formerly known as Tinkoff Bank, introduced a new investment product that tracks Bitcoin’s BTC $105,922.63 price.

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The product, which the bank refers to as a "smart asset," enables users to invest directly in rubles through the bank’s app.

T-Bank’s offering is available only to accredited investors and is issued through Atomyze, a state-supported platform that handles digital asset tokenization.

The central bank stated that while exposure to crypto prices is allowed, the products must not involve the direct exchange or delivery of cryptocurrencies.

The decision comes as more Russian residents turn to digital assets. According to the Bank of Russia, local crypto inflows increased by 51% in the first three months of 2025, reaching 7.3 trillion rubles, equivalent to around $81.5 billion.

Meanwhile, Lee Jae-myung, a leading presidential candidate in South Korea, recently proposed launching a stablecoin backed by the Korean won. What did he say about it? Read the full story.