#crypto-custody

#crypto-custody

Banca Sella secures Bank of Italy approval to launch crypto custody services in 2026. MiCA is pushing Italian banks toward regulated crypto and tokenized finance services. Banca Sella joined Qivalis as 37 EU banks prepare to expand euro stablecoin infrastructure. Banca Sella is preparing to become the first Italian bank to offer crypto-related services under Europe's digital asset rulebook, marking another step in the region's push to bring crypto activity into regulated finance.

Banca Sella has become the first Italian bank to receive authorization to offer cryptocurrency services under the European Union's Markets in Crypto-Assets Regulation, completing its notification process with the Bank of Italy on May 27, 2026. The Biella-based bank plans to launch custody and transfer services for digital assets before the end of 2026, targeting select customer categories. Under MiCA, credit institutions can enter certain crypto-asset services through a notification process with their national regulator - a lighter path than the full licensing required for non-bank entities.

KULR deposited 300 BTC ($24.36M) into Coinbase Prime on May 13, 2026. KULR's 1,021 BTC position, bought at a $98,627 average, carries roughly $17.8M in unrealized losses. The move aligns with a 99% drop in non-Strategy corporate BTC buying in 2026, per Cryptoquant.

Crypto custody firm BitGo has launched its initial public offering, seeking to raise up to $201 million, according to a filing with the U.S. Securities and Exchange Commission. The Palo Alto, California-based company is offering roughly 11.8 million shares of Class A common stock at an expected price range of $15 to $17 per share. The offering includes 11 million shares sold by BitGo and about 821,600 shares offered by existing stockholders, with the company not receiving proceeds from those secondary sales.

The U.S. Office of the Comptroller of the Currency (OCC) has granted conditional approvals for five digital asset firms - Ripple, Circle, Fidelity Digital Assets, BitGo, and Paxos - to become federally chartered national trust banks, marking a major milestone in the integration of cryptocurrency into traditional finance. The approvals, announced Friday, allow the firms to convert from state-level trust charters to federal status, subject to meeting the OCC's conditions.

Today marks a pivotal moment when banking meets crypto in one app,