Banca Sella Tests Stablecoin Custody: Italian Bank Embraces Digital Assets

02 July, 2025, 02:29 PM

Italian banking group Banca Sella is actively exploring the world of digital assets. Bloomberg reports that the bank is currently conducting internal testing of a new digital asset custody service, with a focus on stablecoins. This move signifies a growing interest in blockchain technology and its potential applications within the traditional financial sector. Banca Sella is collaborating with Fireblocks, a leading cryptocurrency custody provider, to ensure the secure and compliant storage of digital assets. While the initial focus is on stablecoin custody, Banca Sella is currently not planning to offer trading services for more volatile cryptocurrencies like Bitcoin. This cautious approach suggests a strategic entry into the digital asset space, prioritizing stability and regulatory compliance. The testing phase will likely inform future decisions regarding further expansion into cryptocurrency-related services. This positions Banca Sella as a forward-thinking institution adapting to the evolving financial landscape. ```