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The Italian banking giant takes action! The "big names" of TradFi get on board, initiating a major transformation in the crypto world!
TradFi giant Sella Bank partners with Fireblocks to pilot stablecoin custody internally! The signal gun for institutions to get on board has been fired!
Crypto world family, pay attention! The well-established Italian banking giant Banca Sella Holding SpA has been reported to be quietly up to big things! According to reliable news from ChainCatcher, they are collaborating with tech powerhouse Fireblocks to pilot custody services for stablecoins and other digital assets in a small internal scope!
Don't be fooled by just being an internal pilot; the signal significance is explosive!
Compliance is the golden key: Sella, this century-old establishment, is personally testing custody, aiming for the "safe compliance" golden key that opens the door to the crypto world! Giants like Deutsche Bank and Standard Chartered are doing the same thing, and it's no coincidence!
Stablecoins are a bridgehead: Why take aim at stablecoins first? Because they resemble traditional assets, carry lower risks, and are easier to get regulatory approval! This is the most secure entry point for traditional "old money" to get on board the crypto world!
Pilot is just a prelude: "Internal testing" is a rehearsal before the battle! Banks need to fully understand the technology, processes, and compliance, ensuring everything is foolproof before offering it to ordinary customers like you and me. This indicates that they are serious about it!
What does it mean for our crypto world? Major benefit!
Confidence booster: When a traditional powerhouse like Sella takes crypto assets (especially stablecoins) seriously, it's like injecting a strong dose of confidence into the entire market! Institutional acceptance skyrockets!
Significant improvement in security and compliance: Major banks + top-tier technology for custody, what are the most direct benefits? Our asset security and service compliance will be greatly enhanced! Storing coins is more reassuring!
Application scenarios are about to explode: banks have sorted out stablecoin custody, and the next step will inevitably be for payments and cross-border remittances in these TradFi scenarios to accelerate their embrace of stablecoins! The scope of application is about to take off!
More giants are on the way: Sella is by no means an isolated case! Global traditional financial institutions are rushing to get on board and layout crypto custody. This wave of integration is unstoppable!
The future is here!
The Sella pilot is like a window that allows us to see clearly: the integration of TradFi and the crypto world is being accelerated by the "regular army"! The foundation of the industry is more stable, the road is wider, and the long-term value is clearer!