1 month ago
Banca Sella, an Italian banking radical known for tech experiments, has begun an interior proceedings that lets a fistful of employees clasp crypto, including stablecoins, done custody bundle from Fireblocks.
The proceedings runs until the extremity of the summer, aft which executives volition determine whether to unfastened the vault to the group’s 1.4 cardinal customers who support much than €66 cardinal ($77.5 billion) nether custody, Bloomberg reports.
Sella’s trial covers custody only. Trading successful bitcoin oregon different volatile tokens is not connected its roadmap, according to the story.
Europe’s clearer rules are nudging banks connected the continent into the crypto space. Intesa Sanpaolo, Italy’s largest bank, opened a spot bitcoin table successful January alongside a €1 cardinal investment successful the cryptocurrency.
UniCredit, different Italian bank, is readying a capital-protected enactment linked to BlackRock’s spot bitcoin ETF IBIT, portion French banking elephantine Société Générale is launching a dollar-backed stablecoin 2 years aft introducing a euro-backed stablecoin.
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