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The first crypto-investment bank HASH will appear in Russia

The project of its creation was launched by employees of the subsidiary company Qiwi.

29.Jun.18 9:19 PM
By Mark Gainer


The first crypto-investment bank HASH will appear in Russia
Specialists of Qiwi Blockchain Technologies (QBT), a subsidiary of the Qiwi payment system, will create the first bank in Russia to invest in cryptocurrencies, which will be called HASH, writes Kommersant.

According to the project manager, financial director of QBT Yakov Barinsky, HASH will not be part of the Qiwi group. The task of the bank will be to help various companies in the process of fundraising. Now the HASH team is already preparing three companies to enter the ICO, helping them to build a financial model of their projects, determine the characteristics and directions of using future tokens. After the company draws funds from the market, the bank will receive a commission from it for its services. As a resource for investment, HASH will attract large international funds, specializing in investments in cryptocurrency.

The head of Qiwi Sergey Solonin announced his interest in the project but decided to wait with investment in HASH and first to observe its development. Representatives of "traditional" Russian banks are also sober about the project. So, VTB intends to wait for the adoption of new laws that will make Russian cryptology more predictable.

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