Sberbank Issues Russia's First Crypto-Backed Loan to Bitcoin Miner Intelion Data
Written by Ohris M. Greyoon, Blockchain & Crypto Expert
Source: Coinmarketcap
Updated: Dec 29 2025- First Crypto-Backed Loan: Sberbank has issued Russia's first crypto-backed loan to Intelion Data, one of the largest Bitcoin miners, marking a significant milestone for the domestic digital asset and Bitcoin mining industry, potentially paving the way for expanded crypto financing.
- Security Measures: The loan is secured by digital assets mined by Intelion Data, with Sberbank utilizing its Rutoken custody solution to safeguard the assets during the loan period, demonstrating the bank's capability in managing crypto assets securely.
- Industry Benchmark: Intelion Data stated that this transaction sets a practical benchmark for the Russian mining sector, which is projected to generate approximately $79 million in revenue in 2024, while the company is also developing new mining facilities to further expand its operations.
- Regulatory Adaptation: Against the backdrop of Russia's cautious stance on cryptocurrency regulation, Sberbank's support for the gradual legalization of digital assets and the launch of Bitcoin-linked bonds indicate its ambition to integrate digital assets into traditional banking services.
About the author
Ohris M. Greyoon
Ohris M. Greyoon holds a Master’s in Computer Science from MIT and has 10 years of experience in blockchain technology and cryptocurrency markets. A pioneer in decentralized finance (DeFi) analysis, he leads Intellectia’s Crypto News, offering cutting-edge insights into digital assets.
