$BTC 🇷🇺 RUSSIA MARKS A MILESTONE WITH FIRST BITCOIN-COLLATERALIZED LOAN
Russia’s biggest lender, Sberbank, has completed the country’s inaugural loan backed by cryptocurrency collateral. The borrower is Intelion Data, a major player in the domestic Bitcoin mining sector.
The financing is secured using Bitcoin that Intelion Data itself mined, with the bank taking custody of the digital assets until the debt is fully settled. Sberbank employed its in-house security platform, Rutoken, to safeguard the collateral throughout the process.
In 2024, Intelion Data’s mining activities drew close to 3