Conio, the fintech partly owned by Poste Italiane and Banca Generali, has announced it has added Coinbase Prime as a liquidity provider.
By expanding its digital assets offering, Conio aims to further solidify its position in the Italian digital asset market as it already has the support of over 400,000 private clients and banks, as well as Coinbase’s standing as one of the largest crypto exchanges.
Up to 50 tokens will be made available on the Conio App by the end of 2023 and the launch of a project to extend its custody technology, already established for Bitcoin and Algorand, to EVM blockchains such as Ethereum, Polygon, and Avalanche.
“We are truly proud to announce the start of a collaboration between Conio and Coinbase. Our goal is to become the most reliable partner for banks, financial institutions, and companies looking to enter the world of digital assets,” commented Orlando Merone, General Manager of Conio.
“Thanks to this new agreement, Conio will be able to provide them with a fast and secure on-ramp.”
The new agreement will enable a quicker and more secure channel for Italian banks and financial institutions to meet the growing demand for digital assets in the country by accessing Coinbase’s liquidity.
This also comes at the end of a second half of the year filled with partnerships for Conio. After expanding its collaboration with Chainalysis, it was selected for the Visa Innovation Program Europe 2023 as the sole crypto fintech representative for Italy.
Daniel Seifert, Vice President and Regional Managing Director, EMEA, Coinbase, added: “We are pleased to announce our collaboration with Conio to increase liquidity available to support Italian banks and financial institutions operating in the digital asset sector.
“This collaboration between two companies that share fundamental values of trust, transparency, and security will bring benefits to the entire industry.”