Italy’s Banking Group Sella Is Said to Test Stablecoin Custody

Banca Sella Holding SpA, an Italian banking group, is running an internal pilot to test custody of digital assets like stablecoins, people familiar with the matter said.

Sella has been working with technology provider Fireblocks on the trials, said the people, who asked not to be named discussing a private initiative. The banking group currently enables a limited number of specialist employees to hold digital assets with the company, and may roll out the service to clients later, the people said.