UniCredit Explores Crypto Custody and Brokerage Services

UniCredit is reportedly evaluating an expansion into digital asset services, including crypto custody, brokerage, and tokenized investment products. The bank has begun the process of selecting a technology provider to manage asset custody and client transactions. While discussions remain in the early stages, any potential services would operate under the EU's Markets in Crypto-Assets (MiCA) regulation. UniCredit has previously engaged with the crypto sector by offering a certificate linked to BlackRock's iShares Bitcoin Trust (IBIT) and participating in the issuance of a tokenized minibond on Polygon. Additionally, the bank is part of the Qivalis consortium, which aims to launch a MiCA-compliant euro stablecoin on Ethereum in the second half of 2026.