Banca Sella, an Italian bank, has secured approval from the Bank of Italy to offer crypto custody services under the EU's Markets in Crypto-Assets Regulation (MiCA). Initially, these services will be available to selected corporate and institutional clients, focusing on custody and transfer of digital assets. The bank plans to launch these services by the end of 2026, prioritizing infrastructure over retail trading platforms.
The approval allows Banca Sella to provide regulated custodial services, crucial for institutional investors entering the digital asset market. This move aligns with the broader trend among European banks to establish a foothold in the crypto sector by focusing on infrastructure and compliance. Banca Sella is also a founding member of Qivalis, a banking alliance working on a euro stablecoin project.
Banca Sella Gains Approval for Crypto Custody Services Under MiCA
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