Conio and Coinbase Prime Collaboration
Conio, a Milan-based fintech company, has partnered with Coinbase Prime to improve liquidity for Italian banks and institutions in the digital asset sector.
Transformative Impact on Italian Banks
Conio, with financial backing from Poste Italiane and Banca Generali, is aiming to expand its digital asset offerings by supporting up to 50 tokens by the end of 2023. The collaboration with Coinbase Prime is set to enhance the spectrum of digital assets accessible through Conio’s platform.
Enhancing Custody Technologies
Conio is not only expanding its digital asset offerings but also developing its custody technologies. They are extending their custody solutions to Ethereum Virtual Machine (EVM) blockchains, including Ethereum, Polygon, and Avalanche. The collaboration with Chainalysis helps them monitor transactions in real-time, reducing exposure to illicit activities, and enhancing their risk and compliance program.
Hot Take
Conio’s partnership with Coinbase and Chainalysis positions it as a leader in Italy’s digital asset transformation. Their commitment to expanding custody technology while prioritizing compliance and security sets a new standard in the digital asset sector, promising a more inclusive and robust financial ecosystem for Italian banks and institutions.
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