S&P 500
7,615.20
-0.09%
Dow Jones
51,319.00
-0.10%
Nasdaq 100
30,648.00
-0.22%
Russell 2000
2,928.28
-0.16%
FTSE 100
10,382.60
-0.05%
Nikkei 225
68,226.70
+1.07%

Investing

Russia’s Sberbank Plans to Launch DeFi Platform by May 2023

Photo of 247patrick
By 247patrick Published
Russia’s Sberbank Plans to Launch DeFi Platform by May 2023

© lex-kravetski / Flickr

Sberbank, one of the largest banks in Russia, has announced its plan to launch a decentralized finance (DeFi) platform by May 2023.

According to a press release, the platform will be launched for open testing as early as next month.

The platform will be Ethereum-based and compatible with the Metamask wallet, according to the press release.

Sberbank is a majority state-owned bank headquartered in Moscow, Russia.

This article originally appeared on The Tokenist

Follow 24/7 Wall St. on Google
Photo of 247patrick
About the Author 247patrick →

Continue Reading

Russia’s Central Bank Plans to Launch a Limited CBDC Pilot on April 1st
247patrick |

Russia’s Central Bank Plans to Launch a Limited CBDC Pilot on April 1st

According to a local report, the Bank of Russia is preparing to launch a central bank digital currency pilot on…

Russia to Halt Development of State-Owned Crypto Platform
247patrick |

Russia to Halt Development of State-Owned Crypto Platform

Russian lawmakers are scrapping plans to launch a state-owned crypto exchange, a government-announced project last year to boost the company’s…

Digital Rouble Will Be Free to Use Till 2025; Corporate Logo Revealed
247patrick |

Digital Rouble Will Be Free to Use Till 2025; Corporate Logo Revealed

The Russian Central Bank released the digital ruble’s brand identity and transaction tariffs,

Paul Ausick |

Visa Blames Strong Greenback, Russia for Weak Growth

After reporting earnings after markets closed on Thursday, Visa held its conference call to add some color to its rather…

USDT Will Be Available on 24,000 ATMs Across Brazil Starting in November
247patrick |

USDT Will Be Available on 24,000 ATMs Across Brazil Starting in November

Tether has announced it intends to launch USDT on 24,000 ATMs in Brazil in partnership with SmartPay.

247alex |

Famous Brands Americans Don’t Know

ThinkstockIn the U.S.-centric world most Americans live in, all the greatest and most valuable brands were created here. Several studies…

Russia to Allow Use of Digital Ruble From August
247patrick |

Russia to Allow Use of Digital Ruble From August

Russian President Vladimir Putin has signed the country’s digital ruble bill into law.

Ripple’s New CBDC Platform Aims to Simplify Issuing Digital Currencies
247patrick |

Ripple’s New CBDC Platform Aims to Simplify Issuing Digital Currencies

Ripple has launched its Central Bank Digital Currency (CBDC) Platform, allowing central banks and financial institutions to issue digital currencies.

Foreign Crypto Firms Help Ukraine Seize Wallet Funding Russia’s Invasion
247patrick |

Foreign Crypto Firms Help Ukraine Seize Wallet Funding Russia’s Invasion

Ukraine’s government has seized and blocked crypto wallets belonging to a Russian “volunteer” raising funds for the country’s forces invading…

Top Gaining Stocks

Hewlett Packard Enterprise
HPE • Vol: 153,197,465
Enphase Energy
ENPH • Vol: 8,360,053
Corning
GLW • Vol: 18,152,646
Alexandria Real Estate Equities
ARE • Vol: 4,337,015
Aptiv
APTV • Vol: 6,761,325

Top Losing Stocks

Trade Desk
TTD • Vol: 21,905,513
Intuit
INTU • Vol: 7,383,018
Coterra Energy
CTRA • Vol: 73,319,495
Cboe Global Markets
CBOE • Vol: 5,000,011
HP
HPQ • Vol: 29,259,826