Sberbank plans to register its own blockchain platform in the next two weeks – Bits Media

Sberbank plans to register its blockchain platform with the Bank of Russia by mid-September 2021 of the year. The bank has already started creating applications for issuing digital financial assets (CFA).

According to the Deputy Chairman of the Board of Sberbank Anatoly Popov, bank Continues active consultations with the Central Bank of the Russian Federation on registering its own blockchain platform. Popov said, that approvals should be completed by mid -September.

“To conduct automatic fast calculations, Sberbank was the first of Russian companies to develop a cloud platform of blockchain. The platform will be placed in SberCloud ", - said Popov and added, that the use of cloud technology will allow access to the required amount of IT resources in seconds, which is extremely important when the number of customers and transactions on the platform.

Sberbank has already begun the development of applications for the release of CFF third parties. While the Tsfa is focused on major players, which can attract funding through the release of tokens under the supervision of the Central Bank. The first applications for the implementation of their projects were submitted by Norilsk Nickel and Sberbank.

Sberbank and the Bank of Russia are actively discussing the requirements, which should cover a new product.

“We want, so that the work on registering the platform for the release of the Central Bank is completed no later than the first half of September. So far we are planning only the release and turnover of our own Tsf Bank, But we have already begun to create a functionality according to the emission of the TsFA of third parties and expect, that our customers will be able to take this opportunity at the end of this year ", – Popov said.

As reported by Bits.media, At the beginning of the year, Sberbank requested permission from the Bank of Russia for registration of the platform for the release of its own stablecoin - Sbercoin. Then Popov said, that the main goal – start a digital asset spring 2021 of the year, However, the project is still in the stage of "Sandbox".