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Italy's largest bank reveals $18M XRP stake via Grayscale trust, showing banks' cautious crypto approach.

Market News
10 Jul 2026, 13:41 WIB
Crypto news
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Italy's largest bank reveals $18M XRP stake via Grayscale trust, showing banks' cautious crypto approach.

Italy's largest bank, Intesa Sanpaolo, disclosed an $18 million XRP position held through Grayscale's XRP trust, highlighting how regulated banks prefer traditional securities wrappers over direct crypto ownership due to regulatory, capital, and operational constraints. European banks' crypto exposure has more than doubled to $235 million, mostly in small, wrapped positions reflecting strategic experimentation rather than large-scale investment. This cautious approach, shaped by strict capital rules and supervisory frameworks, signals growing institutional interest but not yet broad adoption. The evolution of bank crypto holdings depends heavily on regulatory changes and improved product access, with future growth likely tied to easing capital requirements and expanded ETF availability.

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