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Italian fintech Conio has secured a Markets in Crypto-Assets license in Italy, giving the company authorization to operate as a crypto-asset service provider under the European Union’s new digital asset regime.
The approval followed reviews by Consob and the Bank of Italy. It comes before the June 30 end of the MiCA transition period, after which firms without authorization will no longer be able to offer crypto services across the EU.
License Covers Custody and Transfers
Conio is now authorized to offer custody, transfer and placement services for digital assets under EU standards.
The company is backed by Poste Italiane and Banca Generali, giving it a bank-linked profile under the EU’s tougher crypto regime. The license also gives Conio a route to serve customers beyond Italy through MiCA’s passporting framework.
MiCA Passport Opens EU Access
Under the EU regime, crypto firms apply in one member state and can use that authorization to operate across the bloc. That makes the timing important.
Firms that have secured approval before July 1 can keep building regulated EU operations, while rivals without authorization face service limits, client migration or market exit plans. For Conio, the license turns an Italian approval into a wider European market-access tool.
Conio Targets Banks and White-Label Services
Conio said it plans to serve retail investors, banks and fintech firms through white-label solutions. It also plans to target institutions looking for tokenization and digital asset management services.
Chief Executive Christian Miccoli said the license supports the company’s role in bringing digital assets into regulated portfolios.
Retail Wallet Had 430,000 Users
Conio already had a retail crypto wallet business. In 2024, Conio had about 430,000 Italian customers when it partnered with Mesh to let users connect to major crypto trading platforms and transfer purchased Bitcoin to the Conio wallet.
The new authorization gives Conio more room to move from wallet access into regulated infrastructure for banks and institutions.
MiCA Deadline Splits EU Market
Conio’s approval lands as regulators and exchanges race toward the end of national transition periods. Binance is expected to lose permission to serve EU clients from July after its MiCA application through Greece was set to be rejected.
The deadline separates licensed firms that can keep serving EU users from platforms that may need wind-down or migration plans. Conio now has to convert the authorization into bank partnerships, custody growth and tokenization mandates.
