Fintech firm Conio, headquartered in the U.S., has joined forces with Coinbase Prime to bolster digital asset accessibility in Italy. The integration of Coinbase Prime as a liquidity broker expands Conio’s offering of digital assets, aiming to consolidate its position in the Italian market. Conio plans to support up to 50 tokens on its Conio App by the end of 2023 and extend its custody technology, initially designed for Bitcoin and Algorand, to EVM blockchains like Ethereum, Polygon, and Avalanche.
This collaboration is expected to create a faster and more secure avenue for Italian banks and financial institutions to cater to the increasing demand for digital assets by leveraging Coinbase’s liquidity. The partnership follows a series of achievements for Conio, including an expanded collaboration with Chainalysis, selection for the Visa Innovation Programme Europe 2023, and recognition as a Sample Vendor in the Blockchain Wallets category in the 2023 Gartner Hype Cycle for Blockchain and Web3.
Conio officials expressed their enthusiasm for the collaboration, aiming to become a reliable partner for entities venturing into the digital asset realm. The partnership aligns with Conio’s mission to make Bitcoin and digital assets accessible to a broader audience through innovative solutions like its multi-signature custody system.
Coinbase representatives also welcomed the collaboration, highlighting the shared values of trust, transparency, and security between the two companies. The partnership is expected to deliver mutual benefits and contribute to the overall advancement of the digital asset industry.
Founded in 2015, Conio initially gained recognition for launching the first Italian Bitcoin smartphone wallet. The company has since garnered trust from institutional investors, including major Italian banks, and currently serves over 400,000 private customers. Conio offers integrated solutions to banks and financial institutions for the management of cryptocurrencies and digital assets.