Qiwi Blockchain Technologies, a subsidiary of Russian payment service provider Qiwi, has launched a crypto investment project, Kommersant reported.

Dubbed “HASH,” the project marks the first crypto-investment bank in Russia. It is built on a classic investment banking model and involves the search, assessment, market entry of quality projects, aimed at attracting large investors.

According to Yakov Barinsky, QBT’s Chief Financial Officer (CFO), the project will “help companies go through the stage of fundraising.”

HASH takes on the process of building a financial model of the project: how the token will work, what it is needed for, how it will be used. It will work towards attracting international funds specializing in investing in digital assets. Barinsky said that the company is currently cooperating with ten such funds, the largest of them is about $ 100 million.

In addition, HASH also plans to launch an analytical unit and a crypto trading platform. The launch of the crypto trading services has been postponed for the next year as it is subject to licensing requirements.

Qiwi established Qiwi Blockchain Technologies in March 2017 in order to focus on developing blockchain and consultancy services.