Italy’s second largest bank UniCredit is considering expanding into digital asset services, including crypto custody. According to sources cited by Bloomberg, the Milan-based bank is selecting a technology provider to build infrastructure for holding and trading digital assets. This move follows similar initiatives by European banks such as Spain’s BBVA, Germany’s Deutsche Bank, and Cecabank, which already offer crypto services. The new EU regulation MiCA provides banks with a legal framework to launch crypto services. UniCredit is also part of a consortium of 37 lenders across 15 European countries working on Qivalis, a project aimed at issuing a euro-denominated stablecoin.
Source: Read the original article
