UniCredit Considers Expanding Digital Asset Custody and Brokerage Services

UniCredit is considering expanding its digital asset services, including the development of custody and brokerage capabilities. The bank is selecting technology providers to build infrastructure for holding digital assets and facilitating their trading. Discussions are still in the early stages, with considerations including the development of tokenized investment products and fixed-income securities, customer use of stablecoins, and providing customers with exposure to cryptocurrencies. The bank has already offered structured products linked to BlackRock's IBIT to professional clients, issued Italy's first tokenized mini-bond on a public blockchain, and participated in the establishment of Qivalis, a company issuing euro stablecoins. This week, it also acquired a minority stake in the German lending market platform VC Trade.

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