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Italy's Intesa Sanpaolo boosts crypto holdings to $235M, adding $18M in XRP via Grayscale Trust in Q1 2026

Market News
16 May 2026
Coinpaper
View Source
Bullish
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Italy's largest bank, Intesa Sanpaolo, increased its digital asset exposure to about $235 million in Q1 2026, up from $100 million in Q4 2025. The bank added a new $18 million position in XRP through the Grayscale XRP Trust, marking its first direct exposure to XRP. Alongside XRP, Intesa Sanpaolo expanded its Bitcoin and Ethereum holdings while reducing exposure to Solana-linked products. The move reflects a strategic shift to diversify crypto assets using regulated investment vehicles and secure custody solutions like Ripple Custody, supporting the bank's broader financial services and potential client demand for tokenized assets.

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