Sberbank announced its readiness to hold ICO for clients

Sberbank and the National Settlement Depository (NSD) summed up the results of the primary offer of coins (ICO) on the basis of the regulatory sandbox of the Central Bank of Russia. According to the press service of Sberbank, the financial institution plans to provide its customers with services related to the tokensale.

The test ICO on the Masterchain blockchain platform began in May. The issuer of the transaction was Level One, which placed 285 thousand tokens at the Sberbank account.

The tokens served as a payment for tasks from Level One, and then the participants in the transaction "burned" the coins. The node for operations was provided by NSD. The depositary also acted as custodian of the transaction and kept records of digital assets.

Representatives of Sberbank noted that the adoption of Russian bills "On digital financial assets" and "On attracting investments using investment platforms" will allow the bank, together with NSD, to hold ICO for clients.

“Sberbank's customers are interested in this method of attracting financing, and we are ready to provide this service after the relevant legislation comes into force, acting as one of the drivers of institutionalization and popularization of this type of transaction, ” said Sberbank Vice President Andrey Shemetov.

According to Eddie Astanin, chairman of the NSD board, 10% of global operations with digital assets ($ 200 billion) are carried out by retail Russian investors.

“Our goal is to promote the implementation of the national policy on digitalization of the country's economy and the emergence of a new class of assets for investors, as well as ecosystems for ICO and circulation of digital assets in the secondary market,” Astanin added.

Recall that in September it became known that the Central Bank of the Russian Federation conducted a pilot ICO on the basis of its own regulatory sandbox.

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