🚨 BREAKING: Russian Bank Sovcombank Now Offers Bitcoin-Backed Loans
Sovcombank — one of Russia’s largest systemically important private banks — has officially launched loans secured by Bitcoin, marking the first crypto-backed corporate lending product from a major Russian financial institution.
🔥 What This Actually Is
📌 Collateral-backed loan:
Businesses and legal entities can now pledge Bitcoin as loan collateral to access fiat credit — without selling their digital assets.
📌 Who’s eligible:
Legal entities and entrepreneurs operating in Russia with lawful BTC holdings and documented financials can apply.
📌 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.
📌 Sector focus:
Mining companies and crypto-intensive businesses show strong interest, since this product lets them raise capital without selling BTC during market downturns.
🧠 Why This Is Big
⚡ Traditional finance recognizing crypto collateral
This isn’t DeFi lending — it’s mainstream banking accepting Bitcoin as real collateral. That’s 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 — meaning more products like this may follow.
💬
🟩 “Banks treating Bitcoin as usable collateral = structural adoption.”
🟥 “Interest rates are high — but still better than forced selling.”
🟨 “Miners win liquidity without loss — price stress can stay local.”
This isn’t just a lending product — it’s a confidence bridge between digital assets and traditional credit markets.
#Bitcoin #BTC #Sovcombank #CryptoLoans #CryptoFinance $BTC