The Italian company Conio has established a partnership with the cryptocurrency exchange Coinbase with the aim of offering a broader range of digital assets to the banking and financial sector in Italy.
With over 400,000 clients, Conio has decided to leverage Coinbase Prime to provide liquidity to Italian institutions offering digital assets. Simultaneously, Conio plans to expand support for its wallet, integrating up to 50 tokens by the end of 2023.
“Conio has played a pioneering role in the Italian landscape, being the first to develop a multisig wallet for Bitcoin on smartphones. Now, we are expanding our management capabilities to meet the growing demand for digital assets from Italian banks,” said Orlando Merone, CEO of Conio. The CEO also hinted at the integration of the Ethereum Virtual Machine (EVM) blockchain with the goal of covering nearly 60% of the digital asset market by next year.
“This collaboration between two companies that share fundamental values of trust, transparency, and security will bring benefits to the entire sector,” stated Daniel Seifert, Vice President and Regional Managing Director, EMEA, Coinbase.
Conio’s commitment to the Euro token project
In addition to the partnership with Coinbase, Conio is involved in the Euro Token project, overseen by the innovation center of the Bank of Italy. The main goal of the project is to promote the adoption of digital assets at the institutional level.
Conio was selected for the Visa Innovation Program Europe 2023 as the sole crypto fintech representative for Italy.
