Banca Sella Holding SpA is conducting an internal pilot to test digital asset custody services using Fireblocks technology. The initiative is currently limited to a select group of employees and represents a cautious step towards possible client-facing services.
Banca Sella's Digital Asset Pilot Program
Banca Sella's pilot for digital asset custody involves collaboration with Fireblocks, initially focusing on stablecoins and potentially integrating Bitcoin (BTC) and Ethereum (ETH). Employee participation is limited to select professionals, reflecting a controlled approach to digital asset integration.
Pilot Expansion and Client Services
Immediate changes associated with expanding the pilot may lead to the integration of client services. Although the current testing is internal, this setup prepares the foundation for significant service offerings.
Market Compliance and Regulatory Considerations
Banca Sella's test of digital asset custody aligns with its strategic initiatives, including the introduction of Bitcoin trading in 2021. The bank aims to adhere to regulatory norms and standards, including alignment with European regulatory frameworks.
Banca Sella's initiative in digital asset custody reflects its commitment to innovation in the financial sector and the establishment of new standards in a changing regulatory landscape.
