Russia’s Sberbank plans to launch DeFi platform on Ethereum

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Russia’s Sberbank plans to launch DeFi platform on Ethereum
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Sberbank’s upcoming DeFi platform will be fully open by the end of April, enabling users to conduct the first commercial transactions, the bank’s blockchain exec said.

Russia’s largest bank, Sberbank, is moving forward with the plan to launch its decentralized finance platform, preparing to trial the product in a few months.

The executive noted that the blockchain platform will be compatible with the Ethereum blockchain, allowing customers to use major wallets, such as MetaMask, to move their assets. Klimenko also noted that users will be able to transfer their assets from other platforms.

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