Sberbank has announced plans to roll out a new blockchain platform that will provide services for the purchase of digital financial assets to the market next year.

This plan was announced by the head of Sberbank, German Gref, who declared that the institution is also putting into perspective the possibility of issuing its digital currency Sbercoin.

According to a report by RBC, a local news channel, Gref noted that necessary steps will be taken towards achieving the goal once the law on digital finance assets is enforced by January 2021 in Russia.

“From January 1, the law comes into force, we want to bring to the market our new blockchain platform, which will provide services for the purchase of digital financial assets. And there we are going to realize the possibility of acquiring green instruments from the very beginning,” Gref said.

Bitcoin reached a new all-time high on Monday, reaching up to $19,850.11. Bitcoin current value is $19,479.79, and has risen up by 6.09% in the last 24 hours as a time of writing this. The Bitcoin trading volume in the last 24 hours is $35.76B. The market cap is $361.49B. 18,559,212.5 of bitcoins are currently in supply.

Stats and Image From Coin Desk

The head of the largest state-owned bank in Russia added that the bank will start experimenting the possibility of issuing its own digital currency, Sbercain also in 2021.

Earlier this year in July, Russian President Vladimir Putin signed the law on Digital Financial Assets. According to the law, DFA can be sold, purchased, pledged, inherited, or exchanged for other digital rights. The law will be enforced in January 2021.