Execs at Payments Giant Qiwi Launch Crypto Investment Bank

Executives at the blockchain arm of Qiwi, one of the largest e-payment providers in Russia, are launching a crypto investment bank, called HASH, to advise investors and help domestic companies tokenize their assets once appropriate regulations are in place.¬†Branded as “the first crypto investment bank in Russia,” HASH will manage clients’ ICOs, help them build their blockchain networks and raise funds.¬†In particular, HASH will advise financial institutions on the quality of crypto projects they are considering investing in, since many of them have some apprehension towards ICOs. As Russia has yet to pass regulations for blockchain and cryptocurrencies, HASH will initially work with projects registered in other jurisdictions, but Russian investors are free to participate in various ICOs with the company’s help.

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