On December 11th, Italian cryptocurrency wallet company Conio announced a partnership with Coinbase (COIN) aimed at introducing more diverse digital assets to Italian banks and financial institutions. It is reported that Conio has more than 400,000 customers and is providing liquidity to institutions offering digital asset services through its partnership with Coinbase Prime, with plans to expand wallet support for up to 50 tokens by the end of 2023.
As confidence in crypto assets grows among European banks and financial institutions, Conio is actively expanding its custody capabilities to meet the growing demand for digital assets from Italian banks. Orlando Merone, CEO of Conio, said the company is adding support for EVM (Ethereum Virtual Machine) chains with the goal of covering nearly 60% of the digital asset market by next year.
Conio is also actively involved in institutional-level applications for Italian digital assets, especially the Euro token project regulated by the Italian Banking Innovation Center. Merone mentioned that Italian banks are closely monitoring multiple projects in the market and may have a significant impact on the tokenization of electronic currencies. This marks Italy's active progress in the field of digital assets.