Sberbank will help customers to spend ICO

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Sberbank will help customers to spend ICO

The savings Bank and NSD conducted a test run ICO based on the blockchain platform Mastercan and convinced of the advantages of this method of financing. After the adoption of the necessary laws, the Bank will be able to offer a wide range of clients.

In the sandbox, the Central Bank held on the issue of tokens of Level One, which were transferred to the savings Bank, then used for a trial payment and eventually disposed of. After successful completion of the simulation, participants noted that the ICO provides project-wide access to audiences, institutional investors allows us to minimize costs and to individuals whether to invest in tokens.

The test will help the experts to assess the prospects of the new service, develop a legal framework for service creation and risk mitigation. After the approval of the legislative basis for kriptonyte Sberbank will be able to help its clients to attract investment by holding ICO.

The Bank’s representatives say that customers are interested in this opportunity, so the organization wants to offer them the necessary infrastructure. It will also allow to attract Russian investors working with digital assets abroad and to contribute to the program of digitalization of the country.

While banks, financial institutions and investors expect approval of regulation of the cryptocurrency market, the RSPP has proposed to suspend the progress of all three bills and to revise their concept.

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