Italian Banca Generali to debut crypto services next year

Italian Banca Generali to debut crypto services next year

Banca Generali will introduce crypto to its customers in 2021 following a partnership with an Italian custody service provider. Major Italian private bank, Banca Generali, is planning to introduce cryptocurrency services in 2021. According to a Dec. 15 announcement, Banca Generali has entered a corporate and commercial partnership with Conio — a fintech company providing traditional financial institutions with solutions for managing digital assets including wallets and custody.A spokesperson for Banca Generali told Cointelegraph that the bank does not plan to launch a cryptocurrency....


Related News

Banca Generali Leads $14M Round in Italian Crypto Custody Firm Conio

Banca Generali, a subsidiary of Italy’s largest insurer, will also help its customers hold bitcoin following the $14 million Series B.

Italian Insurance Giant Generali Gets Into Bitcoin via Banking Arm, Launching...

Banca Generali, the banking arm of Italy’s largest insurance group, has announced that it will be offering cryptocurrency custody service to its customers beginning next year. To achieve this, the bank has acquired a stake in bitcoin wallet provider Conio. Assicurazioni Generali, Banca Generali, and Conio Bitcoin Wallet The banking arm of Italy’s largest insurance company, Assicurazioni Generali Group, announced Tuesday “the launch of a new corporate and commercial partnership with Conio Inc., a fintech company operating in the cryptocurrency industry.” The Italian....

Italian Insurance Giant Will Invest €1.25bn in FinTech Startups

Europe’s third-largest insurer Generali has announced it will indirectly invest 1.25 billion euros in emerging financial technology by 2019. The Italian giant, sensing what chief executive Marco Greco called a “revolution,” will work with a group of venture capital funds including Ribbit Capital to support startups in mobile payments technology and data analysis among others, FT.com reports. “This is an industry that has been lagging behind every other industry — it has been paralyzed,” Greco said, adding: “Either you understand it and you move towards the forefront of change […] or this....

Gallery: Italian Lawmakers Meet with Bitcoin Believers in Fact-Finding Session

Italian bitcoin enthusiasts gathered at the Chamber of Deputies, the lower house of the Italian parliament, in Rome on Wednesday with the aim of informing Italian lawmakers about the economic benefits of bitcoin. The 11th June event, organised by bitcoin consultancy Coin Capital, featured participation from parliament member Stefano Quintarelli and Senate Vice President of the Treasury and Finance Committee Francesco Molinari, as well as representatives from Italy's academic and banking sectors. Coin Capital told CoinDesk that the first two hours saw its partners Sebastiano Scròfina and....

Insurance Giants Generali and RGA Join Blockchain Insurance Industry Initiative B3i

Two major players in the global insurance industry, Generali Group and Reinsurance Group of America (RGA), have announced that they are joining the Blockchain Insurance Industry Initiative B3i to further explore the potential use of distributed ledger technology for the insurance and health reinsurance industries. Since its launch in October 2016, the B3i initiative has gained attention and achieved a global scope. The current 15 members of B3i include Achmea, Aegon, Ageas, Allianz, Generali, Hannover Re, Liberty Mutual, Munich Re, RGA, SCOR, Swiss Re, Sompo Japan Nipponkoa Insurance,....