Banca Sella gets green light to provide crypto services to customers in Italian first
The fintech-forward private bank said it is the first Italian lender to get Bank of Italy approval under MiCA to offer digital asset custody and transfers.
AI Summary
Banca Sella has become the first Italian bank to receive Bank of Italy approval under the EU's Markets in Crypto-Assets (MiCA) regulation to offer digital asset services. The private bank plans to launch a platform for cryptocurrency custody, transfer, and receipt for selected corporate clients later in 2026, utilizing partnerships with Chainalysis for compliance and Fireblocks for its digital asset infrastructure. Banca Sella joins approximately 20 major European banks already operating crypto services under MiCA and is involved in EU tokenization initiatives including the Qivalis stablecoin project.