\n
<\/p>\n
UniCredit is exploring an expansion into digital assets that would add crypto custody and brokerage, and has started selecting a technology provider to hold the assets and handle client transactions, Bloomberg reported, citing people familiar with the matter.<\/p>\n
As per the report<\/a>, the discussions are early, and no final decision has been made. Areas under consideration include custody and brokerage, tokenized investment products and fixed-income securities, and stablecoin applications for clients. UniCredit has not disclosed which providers it is weighing, how much it might spend, or when it would choose one.<\/p>\n Any crypto services would fall under the EU’s Markets in Crypto-Assets regulation, whose grace period ended on July 1. MiCA requires crypto-asset service providers to hold a license and lets authorized firms passport custody and trading across the 30-country European Economic Area.<\/p>\n Selecting an outside technology provider is the path other large banks have taken into crypto custody. Deutsche Bank tapped<\/a> Swiss firm Taurus for digital asset custody and tokenization after what the vendor called a detailed selection and due diligence process.<\/p>\n UniCredit has already put crypto products in front of clients. The bank opened a five-year, dollar-denominated certificate linked to BlackRock’s iShares Bitcoin Trust (IBIT) to professional clients in July 2025, with full capital protection at maturity, a cap of 85% on returns and a $25,000 minimum. It was the first product of its kind in Italy.<\/p>\n In December 2025, UniCredit and state lender Cassa Depositi e Prestiti structured Italy’s first tokenized minibond on a public blockchain, a \u20ac5 million issue for E4 Computer Engineering recorded on Polygon.<\/p>\n UniCredit also belongs to Qivalis, an Amsterdam consortium that has grown to 37 European banks across 15 countries and plans to launch a MiCA-compliant euro stablecoin on Ethereum in the second half of 2026. The token would be backed one-for-one by euro deposits, subject to approval from the Dutch central bank.<\/p>\n Other large lenders have already started selling crypto to clients. BBVA began<\/a> offering Bitcoin (BTC) trading and custody to private banking clients in Switzerland, and Israel’s Bank Leumi lined up Galaxy to run trading and custody for a 2027 launch<\/a> covering Bitcoin, Ethereum (ETH) and Solana (SOL).<\/p>\n UniCredit is also expanding in digital markets beyond crypto. On September 8, it bought a minority stake in VC Trade, a Frankfurt platform that digitizes bond and loan deals. The platform sits in debt markets, separate from the crypto plans, and has handled more than \u20ac90 billion across over 600 transactions.<\/p>\n The post UniCredit Weighs Crypto Custody and Brokerage, Hunts for a Technology Provider<\/a> appeared first on CryptoPotato<\/a>.<\/p>\n\nBuilding on Earlier Crypto Moves<\/h2>\n
Banks Push Into Digital Assets<\/h2>\n
Source link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"UniCredit is exploring an expansion into digital assets that would add crypto custody and brokerage, and has started…\n","protected":false},"author":2,"featured_media":47073,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[13],"tags":[],"class_list":["post-47072","post","type-post","status-publish","format-standard","has-post-thumbnail","category-crypto","cs-entry","cs-video-wrap"],"_links":{"self":[{"href":"https:\/\/financialrush.com\/index.php?rest_route=\/wp\/v2\/posts\/47072","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/financialrush.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/financialrush.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/financialrush.com\/index.php?rest_route=\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/financialrush.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=47072"}],"version-history":[{"count":0,"href":"https:\/\/financialrush.com\/index.php?rest_route=\/wp\/v2\/posts\/47072\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/financialrush.com\/index.php?rest_route=\/wp\/v2\/media\/47073"}],"wp:attachment":[{"href":"https:\/\/financialrush.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=47072"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/financialrush.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=47072"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/financialrush.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=47072"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}