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Sber will open access to CFA trading to individuals

Deputy Chairman of Sberbank Anatoly Popov said that Russian citizens will be able to trade in Russian digital financial assets in June.

The deputy chairman of the board announced that Sber is starting a new stage of development of its own CFA platform;

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“Individuals will be able to make transactions under Sber’s digital financial assets project in June 2023,” assured Anatoly Popov

The deputy head of the board noted that in the period since the authorization to launch the platform, the total issue volumes on the CFA platform have reached significant amounts:

  “We’re now in the billions in terms of issue amounts, and the number of CFA issues is approaching the top three. It is expected that in the near future the largest borrowers should join the platform of Sbera and implement new issues for tens of billions of rubles.

Earlier, Konstantin Klimenko, product director of Sberbank’s blockchain laboratory, said that Sber is preparing to beta-test its own platform
decentralized finance.