Conio, a prominent cryptocurrency wallet firm backed by Italian entities such as Poste Italiane and Banca Generali, has announced a significant partnership with Coinbase. This collaboration is set to bring a diverse array of digital assets to Italian banks and financial institutions. With over 400,000 customers, Conio will work alongside Coinbase Prime to provide crucial liquidity for institutions involved in digital assets, while also extending wallet support for up to 50 tokens by the end of 2023.
Orlando Merone, the general manager of Conio, highlighted that this initiative is driven by the increasing demand for digital assets among Italian banks. The company, which pioneered the first multisig Bitcoin wallet for smartphones in Italy, is now focusing on expanding its custody capabilities to meet this demand. The goal is to cover almost 60% of the digital assets market by next year. Additionally, Conio is playing a key role in the institutional adoption of digital assets, particularly in the Euro Token project overseen by the innovation center of the Bank of Italy.
Disclaimer: Please note that the information provided in this article is based on the referenced research articles. It is essential to conduct further research and analysis before making any investment decisions. The cryptocurrency market is highly volatile, and investors should exercise caution and consult with financial professionals before engaging in cryptocurrency trading or investment activities.