Russia’s Sovcombank Accepts Bitcoin as Loan Collateral

Russia’s major private bank Sovcombank has taken a great step toward crypto adoption. On February 5, 2026, the bank announced it will accept Bitcoin as collateral for corporate loans. These loans will be issued in Russian rubles.

This is the first public case of a huge Russian bank offering Bitcoin-backed loans. Moreover, the move shows growing comfort with crypto inside Russia’s financial system.

How the Loan Program Works

Sovcombank will allow approved companies to pledge Bitcoin to secure loans. The loans will carry an interest rate of around 23%. This rate reflects both Russia’s current economic conditions and Bitcoin’s price swings.

The bank is targeting corporate clients. These may include exporters, miners or firms with crypto holdings. By using Bitcoin as collateral, borrowers can access cash without selling their BTC. This approach also helps companies to keep long-term exposure to Bitcoin while meeting short-term funding needs.

Why Russia Is Turning to Crypto

Russia has faced financial pressure due to Western sanctions, while many traditional funding routes remain limited. As a result, banks and businesses are now on the lookout for alternatives.

Bitcoin offers global liquidity and does not depend on foreign banks. Russia has also supported crypto mining since 2025. Therefore, these policies helped build local Bitcoin reserves and infrastructure. Sovcombank’s move fits into this wider strategy and shows how crypto is becoming part of Russia’s domestic finance system.

Market Reaction Is Mostly Positive

Crypto investors reacted quickly to the news, as a lot of users called it a bullish signal for Bitcoin adoption. Although some voices did stay more careful, they noted that the high interest rate could limit demand. Smaller or conservative firms may avoid these loans, while risk-tolerant borrowers, like miners, may show more interest.

Russia in a Global Shift

Russia is not alone in this trend. Around the world, institutions are finding new ways to use Bitcoin. In the US, spot Bitcoin ETFs from firms like BlackRock have pushed crypto into mainstream finance.

According to various reports, crypto-backed loans can reduce forced selling. This may help stabilize Bitcoin prices during market stress.

Sovcombank’s decision shows that Bitcoin is moving beyond speculation. It is now being used as real financial collateral. This change could be what shapes the next phase of institutional crypto adoption.