UniCredit 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. Summary UniCredit is selecting a technology provider for infrastructure that could support digital asset custody and brokerage services. The bank is considering tokenized investments, fixed income securities, stablecoin services and ways for clients to gain crypto exposure. UniCredit has already offered professional clients a product linked to BlackRock’s Bitcoin ETF and issued a tokenized minibond on a public blockchain. The bank is part of Qivalis, a European banking consortium preparing to launch a euro denominated stablecoin. People familiar with the plans said the Italian bank is selecting a technology provider that could supply the infrastructure needed to hold digital assets and support their purchase and sale, although discussions remain at an early stage and no final decision has been made. The work could take UniCredit beyond the individual crypto-linked products it has offered professional investors and give the bank technology for a larger set of digital asset services. Potential uses under c...