Alfa-Bank Prepares to Launch Crypto Custody Services in Russia Under New Rules

Alfa-Bank, Russia’s largest private bank, is preparing to expand into the digital asset sector by pursuing approval to become a regulated cryptocurrency custodian.

The bank plans to offer digital asset custody and related crypto services to both individual clients and businesses once Russia’s new cryptocurrency regulations take effect. As part of its broader digital asset strategy, Alfa-Bank also intends to develop investment products built on public blockchain networks to attract international investors.

The planned expansion comes as major Russian banks explore opportunities in the regulated digital asset market. Sberbank and T-Bank have also announced plans to seek licenses for digital asset custody operations.

Source: bits.media