Sberbank, the biggest bank in Russia, is pushing ahead with the plan to deploy its decentralised financing (DeFi) platform. The bank is now getting ready to test out the product within the next few months.
The head of Sberbank’s Blockchain Lab, Konstantin Klimenko, said on February 3 that the financial institution anticipates beginning open trials of its DeFi platform by May 2023. This information was published by the regional news outlet Interfax.
According to Klimenko, the new DeFi platform from Sberbank is now undergoing testing in a private beta phase. By the end of April, the platform will be completely open, allowing users to engage in the first commercial transactions.
The CEO said that the blockchain platform would be compatible with the Ethereum blockchain. This will enable users to transfer their assets using significant wallets, such as MetaMask, which was mentioned in the previous sentence. Klimenko also said that users…
