UniCredit Seeks Technology Provider for Digital Asset Trading and Custody

UniCredit Bank is looking for a technology provider that can help it build infrastructure for digital asset trading, custody and access to tokenized investment products. The Italian bank’s discussions are still in the early stages, with areas of interest including crypto custody and brokerage capabilities, tokenized investment products and stablecoin-based fixed-income securities, people familiar with the matter told Bloomberg on Friday. According to Cointelegraph, the bank has not yet identified which provider could fill the infrastructure gap, and Cointelegraph has approached UniCredit for comment on the matter. The move comes as several major banks test digital asset and stablecoin infrastructure. America’s fifth-largest commercial bank, U.S. Bank, completed a live cross-border payment using its proprietary USBDC stablecoin on Wednesday. On Sept. 3, London-headquartered multinational bank Standard Chartered launched spot Bitcoin (BTC) and Ether (ETH) trading for institutional clients in the United Arab Emirates. The bank had previously launched digital asset custody services in the region in September 2024. In August, Israel’s largest bank, Leumi, partnered with Galaxy Digital to offer customers Bitcoin, Ether and Solana (SOL) trading through the bank’s investment platform, with the launch expected in early 2027.