UniCredit seeks infrastructure partner for crypto trading, custody: Report
The Italian bank is reportedly seeking assistance in launching access to crypto trading, custody and tokenized investment products.
Italian bank UniCredit is reportedly in the early stages of seeking a technology partner to help it launch access to crypto trading, custody, and tokenized investment products. The discussions are reportedly centered around areas such as crypto custody, brokerage capabilities, tokenized investment products, and stablecoin-based fixed-income securities.
While the bank's pursuit of infrastructure for digital assets is not yet concrete, the trend of major banks experimenting with digital asset and stablecoin infrastructure is clear. For instance, U.S. Bank recently completed a cross-border payment using its own stablecoin, and Standard Chartered launched spot Bitcoin and Ether trading for institutional clients in the UAE.
In August, Israel's largest bank, Leumi, also partnered with Galaxy Digital to offer Bitcoin, Ether, and Solana trading through its investment platform.
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