Sberbank announced the launch of its own DeFi platform

By the beginning of May 2023, Sberbank plans to launch a platform for transactions with tokens. It will become part of the DeFi decentralized finance market.

As Konstantin Klimenko, Product Director of the Sberbank Blockchain Laboratory, noted, extensive testing of the trading platform will start in March.

The State Bank has set itself the task of creating a DeFi ecosystem, through which Russian investors will be able to buy and sell digital currencies. The platform is currently undergoing closed testing, which will become open next month.

The top manager does not rule out that users will be able to make the first transactions at the end of April. The platform will be based on Ethereum and will be supported by the MetaMask crypto wallet.

Klymenko does not rule out that in the future, decentralized finance protocols will push the market of traditional banking services into the background.

Sberbank uses blockchain technologies to develop many products focused on the cryptosphere.

For example, at the end of 2021, he launched a fund under the ticker SBBE that tracks the value of shares of companies associated with the digital currency market.

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