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Intesa Sanpaolo, Italy's largest bank, more than doubled its crypto exposure in the first quarter of 2026.
Intesa Sanpaolo doubled crypto exposure to $235 million by March 31, 2026, mainly via Bitcoin.
KEY POINTS
- The bank initiated its first crypto derivatives position with iShares Bitcoin Trust call options.
- Solana exposure was nearly eliminated, with Bitwise Solana ETF shares cut from 266,320 to 2,817.
- Intesa added Ripple XRP through Grayscale XRP Trust and adopted Ripple for digital asset custody.
- A consortium of twelve major European banks aims to launch a MiCA-compliant euro stablecoin in 2026.
COMPANIES
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