The deal strengthens the bank’s push into blockchain based financial infrastructure.
Milan-headquartered pan-European commercial bank UniCredit has invested €4m ($4.7m) in BlockInvest, acquiring a stake of around 16% in the firm. The two firms have previously worked together on digital asset projects in Italy The investment is aimed at expanding UniCredit’s capabilities in blockchain based financial solutions, particularly in the area of tokenised assets. The two firms have previously worked together on digital asset projects in Italy, including the issuance of a