Back to Homepage

Kremlin's New Crypto ETF Runs On 'Proof-of-State' Consensus

Crypto
Oct 30, 2025
By Boilerplates

Sberbank centralizes blockchain. Freedom redefined, comrade.

In a truly groundbreaking move that redefines "decentralization" for the modern era, Sberbank, Russia's largest state-owned bank, has unveiled its pioneering exchange-traded fund for blockchain-related companies. One might reasonably question the inherent paradox of a government-controlled entity championing a technology built on distributed autonomy, but perhaps we merely misunderstand Moscow’s innovative interpretation of financial freedom.

Investors can now flock to this unique "Proof-of-State" consensus model, where the underlying assets are presumably chosen for their unwavering commitment to, well, *state* interests. We eagerly anticipate the detailed prospectus outlining how true blockchain transparency is achieved when every single node ultimately reports directly to the Kremlin. Rest assured, due diligence is paramount, ensuring that no truly "untraceable" or "unregulated" digital mischief could ever slip past the watchful eye of Russia's financial apparatus.

B

Boilerplates

Staff Writer

Read More Articles
Toaster advertisement