VTB plans to offer clients operations with cryptocurrency instruments within the regulated Russian infrastructure. The new direction is intended to be developed through the "VTB My Investments" platform.
At the same time, the bank intends to build its own digital depository. It will account for clients' rights to crypto assets and service operations – VTB calls this element the most complex and resource-intensive in the entire future system.
We have ambitions for a significant share of this market, which will begin to fully function in 2027.
The relevant law is expected to come into force on September 1, 2026, and the necessary by-laws are anticipated by the end of the year. After that, banks will be able to finalize the rules for operations, accounting, and transaction servicing.
VTB estimates the new market to be worth tens of billions of rubles. The bank believes that the main share of commission income will be received by those who offer clients a convenient and understandable service earlier than competitors.
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