Banca Sella, an Italian banking group, has initiated an internal trial of crypto custody services for a select group of employees. This trial utilizes custody software from Fireblocks and will continue until the end of the summer, at which point the bank will evaluate whether to offer these services to its 1.4 million customers, who currently hold over €66 billion in assets. The trial is exclusively focused on crypto custody, and there are no plans to introduce trading services for volatile cryptocurrencies, such as bitcoin. The move aligns with a growing trend among European banks as clearer regulatory frameworks encourage more institutions to enter the crypto space. Other major Italian banks have also undertaken similar initiatives recently, reflecting a broader acceptance of digital asset services within traditional banking systems.

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