UniCredit seeks partner for crypto trading and custody infrastructure

UniCredit is reportedly looking for a technology partner to help build infrastructure for crypto trading, custody, and tokenized investment products. According to people familiar with the matter, the Italian bank’s discussions are still at an early stage. Areas under consideration include digital asset brokerage, custody services, tokenized investment products, and stablecoinbased fixedincome securities. The move comes as large financial institutions continue testing digital asset services. Recent examples include U.S. Bank’s stablecoin payment test, Standard Chartered’s spot Bitcoin and Ether trading for institutional clients in the United Arab Emirates, and Leumi’s partnership with Galaxy Digital to offer crypto trading through its investment platform.