Italian fintech Conio secures EU licence for crypto services
Italian fintech Conio secures EU licence for crypto services MILAN, June 17 (Reuters) - Conio, an Italian fintech backed by Poste Italiane PST.MI and Banca Generali BGN.MI, has obtained a licence in Italy under the European Union regulation for digital assets (MiCAR) to operate as a crypto-asset service provider (CASP).
* The authorisation, granted following a review involving markets regulator Consob and the Bank of Italy, allows Conio to offer custody, transfer and placement of digital assets under EU regulatory standards.
* The move comes ahead of the June 30, 2026 end of the MiCAR transition period, after which unlicensed firms will be barred from offering crypto services in Italy and the EU.
* Conio said it will target retail investors, other banks and fintechs offering white-label solutions, and companies or institutions seeking tokenisation and digital asset management services.
* CEO Christian Miccoli said the licence helped Conio's efforts to become a partner for integrating digital assets into regulated portfolios, as the company expands its role in blockchain and tokenisation projects.
(Reporting by Valentina Za
Editing by Keith Weir)((valentina.za@thomsonreuters.com; +39 02 6612 9526;))