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 cryptocurrency investment bank, called HASH, to advise investors and help domestic companies tokenize their assets once the appropriate regulations are in place.

The new enterprise is being launched by senior staff at Qiwi Blockchain Technology – a Qiwi subsidiary formed in March of this year to focus on blockchain development and consulting.

Branded as “the first cryptocurrency investment bank in Russia,” HASH will manage clients’ ICOs, help them build their blockchain networks and raise funds.

The project has already partnered with an array of international fintech companies, including Bitfury Capital, Itech, InVenture, Target Global, Hosho, Wings, and RootStock, said Constantine Koltsov, partner at Qiwi Blockchain Technology and head of corporate relationships at HASH.