๐จ BREAKING: Russian Bank Sovcombank Now Offers Bitcoin-Backed Loans
Sovcombank โ one of Russiaโs largest systemically important private banks โ has officially launched loans secured by Bitcoin, marking the first crypto-backed corporate lending product from a major Russian financial institution.
๐ฅ What This Actually Is
๐ Collateral-backed loan:
Businesses and legal entities can now pledge Bitcoin as loan collateral to access fiat credit โ without selling their digital assets.
๐ Whoโs eligible:
Legal entities and entrepreneurs operating in Russia with lawful BTC holdings and documented financials can apply.
๐ 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.
๐ Sector focus:
Mining companies and crypto-intensive businesses show strong interest, since this product lets them raise capital without selling BTC during market downturns.
๐ง Why This Is Big
โก Traditional finance recognizing crypto collateral
This isnโt DeFi lending โ itโs mainstream banking accepting Bitcoin as real collateral. Thatโs a big shift in how old-school banks treat digital assets.
โก Liquidity without selling BTC
Miners and businesses can now raise cash without dumping BTC, preserving long-term upside potential.
โก Part of regulatory evolution
Russia is refining its crypto rules, with planned frameworks that could classify crypto as monetary assets by mid-2026 โ meaning more products like this may follow.
๐ฌ
๐ฉ โBanks treating Bitcoin as usable collateral = structural adoption.โ
๐ฅ โInterest rates are high โ but still better than forced selling.โ
๐จ โMiners win liquidity without loss โ price stress can stay local.โ
This isnโt just a lending product โ itโs a confidence bridge between digital assets and traditional credit markets.
#Bitcoin #BTC #Sovcombank #CryptoLoans #CryptoFinance $BTC