1. Managing Assets in Banca Sella App
2. Brazil's Itau Unibanco Opens Bitcoin Trading for All Users
3. Banca CDP Uses Polygon for Digital Bonds

Italian bank Banca Sella has introduced a new service allowing customers to trade Bitcoin through its mobile banking app Hype. This initiative aims to simplify the process of buying and selling cryptocurrency, offering users complete control over their assets without needing third-party exchanges.

Managing Assets in Banca Sella App

The new service will enable Hype users to create Bitcoin wallets directly within the bank's app, allowing them to buy, sell, and hold Bitcoin with complete control over their assets. Banca Sella's initiative seeks to eliminate the complexities and risks associated with using third-party exchanges. Currently, the service is in its beta testing phase and is available exclusively to a selected group of Hype Plus customers. However, the bank plans to roll out the service to all Hype customers in a few days. The process is entirely free and consists of four easy steps, making it accessible even to those new to cryptocurrency.

Brazil's Itau Unibanco Opens Bitcoin Trading for All Users

Brazil's largest bank, Itau Unibanco, has expanded its cryptocurrency trading services to all users. According to TheCoinRise, this development allows customers to purchase Bitcoin and Ethereum through the bank's in-house investment platform, Ion. This move is expected to attract a broad range of investors, from seasoned traders to those new to the cryptocurrency market. The bank has also implemented rigorous measures to ensure the safety of users' transactions and assets. Itau Unibanco's initiative is part of a broader trend among traditional financial institutions recognizing the potential of cryptocurrencies.

Banca CDP Uses Polygon for Digital Bonds

Italy's state-owned bank Cassa Depositi e Prestiti SpA has successfully completed a $27.2 million digital bond issuance using Ethereum's layer-2 solution, Polygon. After Italy passed its FinTech decree law regulating the distribution and issuance of financial instruments in digital form, this issuance marks the first of its kind. The bond, valued at 25 million euros, has a fixed annual coupon rate of 3.63% and matures in four months, ending on November 18, 2024. This trial had only one institutional investor — Intesa Sanpaolo.

Various banks' initiatives to include cryptocurrency services and digital bonds underscore the growing recognition and acceptance of digital assets in the financial sector. These steps promote innovation and provide clients with new opportunities to manage and invest in digital assets.