Sber, Russia's largest commercial bank, has launched a bitcoin-linked bond product that tracks the price movement of cryptocurrencies and the exchange rate of the dollar against the ruble. The company, formerly known as Sberbank, said in a statement on May 30 that the product has been offered to qualified investors on the over-the-counter market and that Sber plans to list the product on the Moscow Stock Exchange in the future. Spohr added that the listing would ensure transparency, liquidity, and ease of access for qualified investors, and that structured bonds would allow holders to benefit from changes in the value of bitcoin in dollars and the appreciation of the dollar against the Russian ruble.