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Russian Corporations Using Digital Ruble as CBDC Pilot Gathers Pace

Russian corporations are starting to make use of the digital ruble, the country’s central bank digital currency (CBDC). Per a report from SPB IT RU, the state-run Sirius Innovation Science and Technology Center has opened a corporate digital ruble wallet. The center has already used its wallet to “successfully conduct” business-related operations. The center is a state-run IT research and training facility that answers to the President’s Office. The media outlet explained that the center used the VTB Bank-developed remote online business banking platform to create a wallet. The Sirius move comes a few weeks after Rostelecom, announced it had also opened a digital ruble wallet.


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