Crypto oriented capital investment

Intesa Sanpaolo increases its

Intesa Sanpaolo is increasing its presence in digital assets, focusing on spot cryptocurrency trading.

Intesa Sanpaolo, Italy's leading banking institution, has announced a significant expansion of its digital asset activities, including spot cryptocurrency trading. This move represents another step forward in the bank's initiatives, which already involve derivatives such as options, futures, and cryptocurrency ETFs through its corporate and investment banking division. These activities are part of the bank's broader strategies to integrate blockchain technology and innovate its services.

According to internal sources reported by Bloomberg, Intesa has completed the technical preparations and received the necessary approvals to enter the spot market.

A key element of this expansion is the collaboration with Ripple Custody, formerly known as Metaco, to support the custody of tokenized digital assets. Cassie Craddock, CEO of Ripple for the UK and Europe, confirmed the agreement, emphasizing that Intesa is ready to manage assets in digital format. However, the bank remains tight-lipped about the specific details of its operations.

Currently, Intesa's cryptocurrency trading activities focus on proprietary trading, meaning transactions made with its own capital, without involving clients. However, these operations lay the groundwork for a potential future direct engagement with institutional clients.

This expansion coincides with a favorable context: Italy is considering a tax revision that could ease the taxation on cryptocurrencies, making the sector more competitive. Additionally, the European Union is working on introducing the first comprehensive regulatory framework for cryptocurrencies, known as MiCA (Markets in Crypto Assets), which could stimulate greater involvement from traditional financial institutions.

Intesa is no stranger to pioneering initiatives. In July 2024, the bank participated as the sole institutional investor in Cassa Depositi e Prestiti's digital bond issuance, a significant step in the adoption of digital assets in Italy

This expansion strategy reflects a broader trend among global financial institutions. Giants like BlackRock and JPMorgan Chase & Co. are making heavy investments in cryptocurrencies: BlackRock, for example, manages over $42 billion in a Bitcoin-based ETF, while JPMorgan is implementing instant forex settlement solutions through blockchain technology.

In parallel, on November 12, 2024, Fideuram Intesa Sanpaolo Private Banking announced a strategic partnership with BlackRock to strengthen digital wealth management in Europe, initially focusing on Belgium and Luxembourg. Through this collaboration, Intesa aims to expand its client base by offering innovative services such as digital brokerage, hybrid advisory, and discretionary portfolio management.

Intesa Sanpaolo's commitment to the digital asset sector underscores its determination to lead financial innovation in Italy and Europe, positioning itself as a leader in a rapidly evolving market.

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Riccardo Guidi

A trading champion, having won the Trader’s Cup in 2017 and secured third place in the Forex category at the Robbin’s Cup World Championship in 2016. With a strong passion for digital asset investments, he is a financial sector expert with a winning and strategic approach. His experience and successes make him a leading figure in the world of trading.

Alex Adamo

Entrepreneur and negotiator with extensive experience in business development in the European financial and banking sector. Through Adamo Enterprises and The Commercialiser®, he leads strategic initiatives for global business expansion, creating synergies between startups and established companies.

Fabrizio Vedana

President of ASSOCASP, responsible for the Legal and Compliance function at Across Group, member of the Steering Committee of the Blockchain Italia Association, member of the Scientific Committee of the National Association of Wealth Advisors (ANCP) and the Foundation of Chartered Accountants of Milan, he has been president of Supervisory Bodies 231 for banks and intermediaries supervised by the Bank of Italy, promoting alignment between digital assets and traditional financial markets.

Giuseppe Smeriglio

With a background as CEO of TNT S.p.A. and General Manager of Trenitalia Cargo, in recent years he served as CEO of Fante Torino, a company within the Fante Group, specializing in extraordinary financial operations, handling strategic M&A activities and other complex transactions. He is currently the CEO of Gism Srl, a consulting company offering a wide range of services.

Alex Adamo

Entrepreneur and negotiator with extensive experience in business development in the European financial and banking sector. Through Adamo Enterprises and The Commercialiser®, he leads strategic initiatives for global business expansion, creating synergies between startups and established companies.

Fabrizio Vedana

President of ASSOCASP, responsible for the Legal and Compliance function at Across Group, member of the Steering Committee of the Blockchain Italia Association, member of the Scientific Committee of the National Association of Wealth Advisors (ANCP) and the Foundation of Chartered Accountants of Milan, he has been president of Supervisory Bodies 231 for banks and intermediaries supervised by the Bank of Italy, promoting alignment between digital assets and traditional financial markets.

Giuseppe Smeriglio

With a background as CEO of TNT S.p.A. and General Manager of Trenitalia Cargo, in recent years he served as CEO of Fante Torino, a company within the Fante Group, specializing in extraordinary financial operations, handling strategic M&A activities and other complex transactions. He is currently the CEO of Gism Srl, a consulting company offering a wide range of services.

Riccardo Guidi

A trading champion, having won the Trader’s Cup in 2017 and secured third place in the Forex category at the Robbin’s Cup World Championship in 2016. With a strong passion for digital asset investments, he is a financial sector expert with a winning and strategic approach. His experience and successes make him a leading figure in the world of trading.

Giuseppe Smeriglio

With a background as CEO of TNT S.p.A. and General Manager of Trenitalia Cargo, in recent years he served as CEO of Fante Torino, a company within the Fante Group, specializing in extraordinary financial operations, handling strategic M&A activities and other complex transactions. He is currently the CEO of Gism Srl, a consulting company offering a wide range of services.

Riccardo Guidi

A trading champion, having won the Trader’s Cup in 2017 and secured third place in the Forex category at the Robbin’s Cup World Championship in 2016. With a strong passion for digital asset investments, he is a financial sector expert with a winning and strategic approach. His experience and successes make him a leading figure in the world of trading.

Alex Adamo

Entrepreneur and negotiator with extensive experience in business development in the European financial and banking sector. Through Adamo Enterprises and The Commercialiser®, he leads strategic initiatives for global business expansion, creating synergies between startups and established companies.

Fabrizio Vedana

President of ASSOCASP, responsible for the Legal and Compliance function at Across Group, member of the Steering Committee of the Blockchain Italia Association, member of the Scientific Committee of the National Association of Wealth Advisors (ANCP) and the Foundation of Chartered Accountants of Milan, he has been president of Supervisory Bodies 231 for banks and intermediaries supervised by the Bank of Italy, promoting alignment between digital assets and traditional financial markets.

Fabrizio Vedana

President of ASSOCASP, responsible for the Legal and Compliance function at Across Group, member of the Steering Committee of the Blockchain Italia Association, member of the Scientific Committee of the National Association of Wealth Advisors (ANCP) and the Foundation of Chartered Accountants of Milan, he has been president of Supervisory Bodies 231 for banks and intermediaries supervised by the Bank of Italy, promoting alignment between digital assets and traditional financial markets.

Giuseppe Smeriglio

With a background as CEO of TNT S.p.A. and General Manager of Trenitalia Cargo, in recent years he served as CEO of Fante Torino, a company within the Fante Group, specializing in extraordinary financial operations, handling strategic M&A activities and other complex transactions. He is currently the CEO of Gism Srl, a consulting company offering a wide range of services.

Riccardo Guidi

A trading champion, having won the Trader’s Cup in 2017 and secured third place in the Forex category at the Robbin’s Cup World Championship in 2016. With a strong passion for digital asset investments, he is a financial sector expert with a winning and strategic approach. His experience and successes make him a leading figure in the world of trading.

Alex Adamo

Entrepreneur and negotiator with extensive experience in business development in the European financial and banking sector. Through Adamo Enterprises and The Commercialiser®, he leads strategic initiatives for global business expansion, creating synergies between startups and established companies.

CFO & HEAD of BD

Nicolò Pentassuglia

With a track record in the alternative investments sector, after working in private equity and venture capital funds, Nicolò is responsible for the development of COCI in both national and international markets. He manages fundraising and business development activities with institutional investors such as family offices, hedge funds, and pension funds, leveraging the network he has developed over the years, as well as partnerships with other digital asset sector operators.

CEO

Alessandro Pentassuglia

Alessandro Pentassuglia
With over a decade of experience in the cryptocurrency sector, in the development of mathematical models and digital asset allocation strategies, Alessandro oversees the daily operations of COCI, from trading activities to pre- and post-investment advisory for investors, as well as the digital security of the managed portfolio, thanks to his professional background in cybersecurity.

CEO

Alessandro Pentassuglia

Alessandro Pentassuglia
With over a decade of experience in the cryptocurrency sector, in the development of mathematical models and digital asset allocation strategies, Alessandro oversees the daily operations of COCI, from trading activities to pre- and post-investment advisory for investors, as well as the digital security of the managed portfolio, thanks to his professional background in cybersecurity.

CFO & HEAD of BD

Nicolò Pentassuglia

With a track record in the alternative investments sector, after working in private equity and venture capital funds, Nicolò is responsible for the development of COCI in both national and international markets. He manages fundraising and business development activities with institutional investors such as family offices, hedge funds, and pension funds, leveraging the network he has developed over the years, as well as partnerships with other digital asset sector operators.