What services does Alfa-Bank plan to offer?

Alfa-Bank plans to offer regulated cryptocurrency custody services by becoming a registered digital asset custodian. The bank also intends to establish its own digital depository for securely storing customers' digital assets.

Why is Alfa-Bank launching crypto custody services?

The initiative is part of Alfa-Bank's strategy to expand its digital financial services while complying with Russia's upcoming cryptocurrency regulations. The goal is to provide secure and regulated digital asset solutions for both individual and business customers.

Which other Russian banks are entering the crypto market?

In addition to Alfa-Bank, major financial institutions such as Sberbank, T-Bank, VTB, and the Moscow Exchange are preparing to launch cryptocurrency custody, digital depository, and trading services under Russia's evolving regulatory framework.

How will customers benefit from Alfa-Bank's crypto services?

Customers may gain access to secure cryptocurrency custody, safe storage of supported digital assets, integrated crypto and banking services, and digital asset solutions tailored for both personal and business needs, subject to regulatory approval.

When will Alfa-Bank's cryptocurrency services become available?

Alfa-Bank's crypto custody services are expected to launch after Russia's new cryptocurrency regulations come into effect. The exact rollout timeline will depend on the implementation of the country's digital asset laws and regulatory approvals.

Alfa-Bank Plans Regulated Crypto Services for Customers

prachi verma

July 9, 2026

Alfa-Bank to Launch Crypto Custody Services Under Russia's New Law

The bank will become a registered custodian of digital assets, thus being able to safely keep cryptocurrency for its customers as well as for businesses.

Regarding the plans of the bank, Chief Operating Officer of the bank Dmitry Vitman said, “Alfa-Bank plans to provide different kinds of facilities regarding digital assets. First and foremost, we need to create our own online depository.”

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Alfa-Bank to Become a Digital Asset Custodian

As one of the elements of the strategy, it is going to introduce a depository of cryptocurrency that will be available online. This service will be functioning in accordance with the Russian crypto regulation that is going to take effect soon.

Major Banks Join the Race

It is not alone. Russia’s biggest lender, Sberbank, has also announced plans to launch a regulated online depository and integrate a built-in crypto wallet into its Sberbank Online and SberInvestments apps. This aims to complete the rollout by December 1, following the new law.

Meanwhile, T-Bank, VTB, and the Moscow Exchange are also preparing similar custody and trading facilities.

Alfa-Bank Offers Cryptocurrency Services in Line With New Rules

As reported, it plans to introduce some cryptocurrency-related facilities using its current virtual platform. The group plans to act as a virtual asset storage facility for customers to store their cryptocurrencies after the new regulatory framework comes into effect.

What It Means for Customers

With the implementation of the new regulations, if it passes, customers of the bank will have the following advantages:

They can get cryptocurrency custody facilities via regulated banking platforms.
Safe storing of supported cryptocurrencies.
Crypto services in combination with banking services.
Digital asset solutions for individual and commercial needs.

Conclusion

The upcoming Alfa-Bank entrance into the cryptocurrency field signifies that there is an increasing level of integration between regular banks and cryptocurrencies in Russia. Since the regulatory system in the country is continuously improving, the bank is working towards providing its clients with secure and legal crypto products.

Disclaimers: This document is meant purely for educational purposes and does not constitute any form of financial or investment guidance. Virtual asset investing and related facilities carry risk and are subject to changing regulations. Please do your own due diligence.

About the Author prachi verma

English Blog Writer at coingabbar.com

Prachi Verma is a skilled English content writer specializing in the cryptocurrency and blockchain industry. She provides high-quality content that helps readers stay informed in the rapidly evolving digital asset ecosystem. With a strong command of English and a focus on accuracy, clarity, and engaging storytelling.