VTB wants to engage in cryptocurrency operations

cryptonews.ruPublished on 2026-07-28Last updated on 2026-07-28

Abstract

Russia's VTB Group plans to offer clients operations with cryptocurrency instruments within a regulated and secure Russian framework. Dmitry Pyanov, the bank's first deputy chairman, stated, "We have ambitions for a significant share of this market, which will begin to function fully in 2027." The service will be developed both through the "VTB My Investments" platform and by building "the most resource-intensive and complex component of this new ecosystem—a digital depositary." Relevant legislation comes into force on September 1, with other regulations expected by year-end. Pyanov estimates the market's potential at several tens of billions of rubles. He believes the first player to offer a high-quality customer experience can claim a significant portion of the commission income.

VTB Group (MOEX: VTBR) plans to offer clients operations with cryptocurrency instruments within a regulated and secure Russian perimeter. "We have ambitions for a significant share of this market, which will begin to fully function in 2027," said Dmitry Pyanov, First Deputy Chairman of the bank. At the same time, the service will be developed both within the "VTB My Investments" platform and as part of "building the most resource-intensive and complex component of this new ecosystem — a digital depository," the top manager noted.

The relevant law will come into force on September 1, other regulatory acts will most likely be ready by the end of the year. "We estimate this market at several tens of billions of rubles," Dmitry Pyanov stated. Therefore, in his opinion, whoever most promptly offers a quality customer journey will be able to claim a significant share of commission income.

Finance Department

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