Conio, the fintech owned by Poste Italiane and Banca Generali, announces that it has included Coinbase Prime among its liquidity providers, thus expanding its digital asset offering. Coinbase, an American company listed on the Nasdaq, is considered one of the leading managers of digital assets.
Conio, which has over 400,000 retail customers from banks and financial institutions, aims to consolidate its position in the Italian digital asset market thanks to its high security standards and custody technology. To this end, it intends to support up to 50 tokens on the Conio app by the end of 2023 and launch a project to extend its custody technology, already established for Bitcoin and Algorand, to EVM blockchains such as Ethereum, Polygon, and Avalanche.
This new agreement will allow Italian banks and financial institutions a faster and more secure channel to meet the growing demand for digital assets accessing Coinbase’s liquidity.
Conio’s partnerships
This new agreement comes at the end of a second half of the year full of awards and partnerships for Conio. After expanding its collaboration with Chainalysis, it was selected for the Visa Innovation Program Europe 2023 as the sole representative for Italy of fintechs in the cryptocurrency sector. Subsequently, it was named a Sample Vendor in the Blockchain Wallets category for the third time in the Gartner Hype Cycle for Blockchain and Web3 2023.
“We are very proud to be able to announce the start of a collaboration between Conio and Coinbase. Our goal is to become the most trusted partner for banks, financial institutions, and businesses looking to enter the world of digital assets. Thanks to this new agreement, Conio will be able to guarantee them a fast and secure access channel to this world,” comments Orlando Merone, general manager of Conio, in a note.
“We are pleased to announce our collaboration with Conio to increase the liquidity available to support Italian banks and financial institutions operating in the digital asset sector. This collaboration between two companies that share the core values of trust, transparency, and security will benefit the entire industry,” said Daniel Seifert, vice president and managing director of Coinbase’s EMEA region. (Photo by Kanchanara on Unsplash )
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