Sberbank’s settlement tokens to empower ‘DeFi magic’ on enterprise blockchain
Russia’s largest bank, Sber, has massive plans for blockchain and its settlement token, often referred to as Sbercoin. The tokenized bank money sits at the heart of a plan to build an open blockchain ecosystem where developers can build new products and business models, all settled in digital fiat money. Despite the big ambitions, the question remains whether the central bank will grant approval.
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