Sberbank, Russia’s largest bank — currently under U.S. and EU sanctions — is piloting “various instruments from the world of decentralized finance” as it anticipates a future convergence between decentralized and traditional finance.

In a recent interview with Russian business media outlet RBC, Sberbank management board deputy chairman Anatoly Popov declined to specify which DeFi tools the bank is testing. However, he noted that any meaningful integration would depend first on a clear regulatory regime in the country.

“We are confident that in the future traditional banking and DeFi will work in convergence. Legal crypto markets in Russia are only emerging. Ahead lies a long road: developing regulation, building infrastructure, filling it with new products and creating a liquid secondary market,” Popov told RBC.

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