Italy's Largest Bank Doubles Down on XRP Holdings, Ripple Secures Custody Deal
Italy's Largest Bank Doubles Down on XRP Holdings, Ripple Secures Custody Deal
Intesa Sanpaolo, Italy's largest bank, made headlines by quietly purchasing approximately $26 million worth of XRP through the Grayscale XRP Trust ETF in Q1. This significant institutional investment coincides with Ripple's announcement that it will offer custody services to the Italian financial giant, indicating a surge in confidence and adoption within the XRP ecosystem.
Ripple recently announced it would offer custody services to Intesa Sanpaolo — a deal that raised eyebrows when the Italian bank's first-quarter filings showed it had quietly bought about $26 million worth of crypto through the Grayscale XRP Trust ETF in the same period.
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