đš BREAKING: Russian Bank Sovcombank Now Offers Bitcoin-Backed Loans
Sovcombank â one of Russiaâs largest systemically important private banks â has officially launched loans secured by Bitcoin, marking the first crypto-backed corporate lending product from a major Russian financial institution.
đ„ What This Actually Is
đ Collateral-backed loan:
Businesses and legal entities can now pledge Bitcoin as loan collateral to access fiat credit â without selling their digital assets.
đ Whoâs eligible:
Legal entities and entrepreneurs operating in Russia with lawful BTC holdings and documented financials can apply.
đ Loan structure basics:
* Interest rate ~ 23% (CBR key rate + ~7%)
* Loan term up to 2 years
* 50% collateral discount on pledged Bitcoin
Meaning you only need roughly half the BTC value as collateral for a given loan amount.
đ Sector focus:
Mining companies and crypto-intensive businesses show strong interest, since this product lets them raise capital without selling BTC during market downturns.
đ§ Why This Is Big
⥠Traditional finance recognizing crypto collateral
This isnât DeFi lending â itâs mainstream banking accepting Bitcoin as real collateral. Thatâs a big shift in how old-school banks treat digital assets.
⥠Liquidity without selling BTC
Miners and businesses can now raise cash without dumping BTC, preserving long-term upside potential.
⥠Part of regulatory evolution
Russia is refining its crypto rules, with planned frameworks that could classify crypto as monetary assets by mid-2026 â meaning more products like this may follow.
đŹ
đ© âBanks treating Bitcoin as usable collateral = structural adoption.â
đ„ âInterest rates are high â but still better than forced selling.â
đš âMiners win liquidity without loss â price stress can stay local.â
This isnât just a lending product â itâs a confidence bridge between digital assets and traditional credit markets.
#Bitcoin #BTC #Sovcombank #CryptoLoans #CryptoFinance $BTC
