Sberbank Set to Launch Decentralized Finance Platform Based on Ethereum – Defi Bitcoin News

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A recent report details that Russia's largest financial institution, Sberbank, plans to launch a DecentralizedFinance DeFi platform in May.

A recent report details that Russia’s largest financial institution, Sberbank, plans to launch a decentralized finance platform in May. Konstantin Klimenko, product director of Sberbank’s blockchain laboratory, said that open testing will begin in March.published by the news outlet Interfax, state-owned financial services company Sberbank, based in Moscow, plans to launch a decentralized finance application.

“We have set ourselves a big goal — to make the Russian defi ecosystem number one,” Klimenko said. “Our network is currently working in closed beta testing format … But starting March 1st, we will move to the next phase and it will no longer be beta testing, but open testing,” Sberbank’s blockchain laboratory executive added.

 

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