Italian wallet company partners with Coinbase to provide crypto asset trading functionality to banks and financial institutions | CoinDesk JAPAN

Conio, a cryptocurrency wallet company partially owned by Poste Italiane, an Italian postal and banking company, and Banca Generali, a large bank, is a cryptocurrency wallet company that is part-owned by Coinbase. ) announced on December 11 that it will offer a wide range of crypto assets to Italian banks and financial institutions.

Conio, which has more than 400,000 customers, is collaborating with Coinbase Prime, a crypto lending platform for institutional investors, to provide liquidity to financial institutions that support crypto assets, while Extend wallet support to up to 50 tokens.

A wave of confidence in crypto assets is sweeping through European banks and financial institutions. This is driven by public interest in areas like Cryptocurrency Market Regulation (MiCA) and tokenization.

“Conio has developed Italy’s first multisig Bitcoin wallet for smartphones. As Italian banks are demanding more and more crypto assets, we are currently strengthening our custody capabilities,” said Orlando General Manager of Conio. Orlando Merone said in an interview. “With the addition of the Ethereum virtual machine chain, we aim to cover nearly 60% of the crypto market by next year.”

Conio is also deeply involved in institutional investor uptake in crypto assets, with particular focus on the Euro Token project overseen by the Bank of Italy’s Innovation Center.

“Italy’s central bank is working with many projects and is watching the market closely,” Melone said. “As for the fintech industry, tokenization will probably completely reshape electronic money. It is great that they are championing the Italian crypto sector.”

｜Translation: CoinDesk JAPAN
｜Edited by: Toshihiko Inoue
｜Image: Orlando Melone, General Manager of Conio (Conio)
｜Original text: Bitcoin Wallet Conio, Coinbase Team Up to Bring Crypto to Italian Banks