UniCredit Seeks Infrastructure Partner for Crypto Trading, Custody
UniCredit is weighing infrastructure that would let clients trade digital assets and use tokenized products as European banks expand under MiCA.
- On Friday, UniCredit began seeking a technology provider to build infrastructure for digital asset trading, custody, and tokenized investment products, with discussions still in early stages.
- The bank recently expanded its digital presence by acquiring a 16 percent stake in BlockInvest and investing in VC Trade this week to modernize financial infrastructure across Europe.
- UniCredit also participates in Qivalis, an Amsterdam-based project targeting the second half of 2026 for a euro-denominated stablecoin launch, which expanded to 37 banks across 15 European countries in May.
- Elena Carletti, UniCredit deputy vice chair, warned in May that Europe could face difficulties managing stress involving crypto-linked deposits, citing the 2023 collapse of Silicon Valley Bank.
- Other major institutions are experimenting with digital asset infrastructure; U.S. Bank completed a live cross-border payment using its proprietary USBDC stablecoin on Wednesday, signaling broader industry adoption.
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Cryptocurrency News | Cryptocurrency Prices | Market CapUniCredit plans digital asset push with crypto custody, brokerage
UniCredit has begun exploring an expansion of its digital asset business that could give clients access to crypto custody, brokerage, tokenized investments and stablecoin services. People familiar with the plans said the Italian bank is selecting a technology provider that…
UniCredit Backs VC Trade to Advance Digital Debt Markets
UniCredit has invested in German fintech VC Trade, gaining the option to increase its stake while supporting the company's growth and European expansion. The move strengthens UniCredit's digital financing ecosystem, addressing inefficiencies in debt capital markets, especially for SMEs. It follows recent investments in BlockInvest, DealSync, and Italy's first tokenized mini-bond.
Key Points of the News Infrastructure Plans: UniCredit is evaluating a technology provider to build digital asset trading, custody and tokenization systems, with conversations still in initial stages. Service Expansion: UniCredit is considering crypto custody, brokerage, tokenized investments and fixed income products based on stablecoins. Impulse on the use of ... Read more
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