Italian Banking Group Banca Sella Pilots Stablecoin Custody With Fireblocks: Bloomberg

Italian Banking Group Banca Sella Pilots Stablecoin Custody With Fireblocks: Bloomberg

Banca Sella, an Italian banking group known for tech experiments, has begun an internal trial that lets a handful of employees hold crypto, including stablecoins, through custody software from Fireblocks.The trial runs until the end of the summer, after which executives will decide whether to open the vault to the group’s 1.4 million customers who keep more than €66 billion ($77.5 billion) under custody, Bloomberg reports.Sella’s test covers cus…

Italy’s Banking Group Sella Is Said to Test Stablecoin Custody

Banca Sella Holding SpA, an Italian banking group, is running an internal pilot to test custody of digital assets like stablecoins, people familiar with the matter said.

European Banks And Startups Embrace Stablecoins As Real-World Payments Surge - FinanceFeeds

Italy’s Banca Sella is testing crypto custody services in-house, while German fintech Ivy is deepening its stablecoin infrastructure, in the latest signs that digital assets are moving further into Europe’s financial mainstream. Banca Sella, which manages more than €66 billion in assets, has begun a limited trial of Fireblocks’ crypto custody software with a small group of employees. The program, which runs through the end of summer, will help t…

Banca Sella Dives into Digital Assets with Stablecoin Custody Pilot - The Cryptocurrency Post

TL;DR Banca Sella has launched a Fireblocks-powered pilot allowing select employees to custody stablecoins, marking one of Europe’s first bank-led stablecoin initiatives. The summer-long trial will assess security, transaction speed, and compliance, potentially paving the way for digital asset services to its 1.4 million clients managing €66 billion. Under emerging MiCA rules, this move joins peers like Intesa Sanpaolo and Société Générale in i…