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

By 247patrick Published Feb 3, 10:13PM EST

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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

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