One of the largest Russian banks, Sberbank, has revealed the results of holding ICO in sandbox.
The announcement stated:
“During the transaction, 285,800 tokens were placed on the test environment, which were transferred from the issuer's digital assets account to the Sberbank account.”
Sberbank also highlighted the advantages of ICO, as follows:
- the widest possible access of investment projects to the audience of institutional investors and their clients;
- institutional investors can get access to invest in tokens with minimal expenditure of funds and resources;
- individuals can get convenient access to invest in tokens through financial institutions whose clients they already are.
However, Sberbank reported that it’ll hold ICO for its clients only after the adoption of the laws “On digital financial assets” and “On attracting investments using investment platforms”.
Earlier, Sberbank partnered the energy company Rosseti to distribute new technologies based on blockchain.
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