Huge: Italy’s Largest Bank Just Invested in XRP – Details

What to know:

• Intesa Sanpaolo acquired major XRP exposure through a Grayscale Trust investment recently.
• Italian banking giant expanded Bitcoin and Ethereum ETF holdings during the latest quarter.
• Ripple custody partnership increased institutional attention surrounding Intesa Sanpaolo’s growing crypto strategy.

Italy’s growing involvement in the digital asset sector moved back into focus after Intesa Sanpaolo revealed a sizable investment tied to Ripple’s XRP ecosystem. The banking giant, which manages nearly $1.1 trillion in assets, added exposure to the Grayscale XRP Trust alongside several Bitcoin and Ethereum investment products, signaling deeper institutional interest in regulated crypto markets.

According to a report from Criptovaluta.it, Intesa Sanpaolo acquired more than 712,000 shares of the Grayscale XRP Trust. The report also showed that the bank increased several Bitcoin ETF holdings while expanding its position in Ethereum-related products, highlighting a broader strategy around digital asset exposure.

Intesa Sanpaolo Expands XRP Exposure Through Grayscale Trust

The latest portfolio disclosure showed that Intesa Sanpaolo opened a position worth nearly $18 million in the Grayscale XRP Trust as of March 31. However, the value of the holding has now climbed closer to $26 million based on current market conditions.

Criptovaluta.it stated that “Solana is out, Ripple and Bitcoin are in,” while describing the bank’s latest crypto portfolio adjustments. The report added that Intesa Sanpaolo’s crypto exposure increased from nearly $100 million to approximately $235 million at current values.

Besides the XRP allocation, Intesa Sanpaolo raised its holdings in the ARK 21Shares Bitcoin ETF from 2.48 million shares to 3.60 million shares. Additionally, the bank increased exposure to BlackRock’s iShares Bitcoin Trust ETF while also entering BlackRock’s staked Ethereum ETF product.

Also Read: Ripple’s Embedment Into DTCC’s $4 Quadrillion System Could Send XRP Over $10: AI Founder

Meanwhile, the institution reduced its Solana-linked holdings significantly compared to previous filings. The portfolio changes suggested a broader restructuring of the bank’s crypto-related investment strategy. Earlier this year, Intesa Sanpaolo confirmed the direct purchase of 11 Bitcoins for proprietary trading purposes. At the time, the position carried an estimated value of around €1 million.

Ripple Partnership Adds More Attention to XRP Investment

The XRP investment surfaced only weeks after Ripple announced a custody-related partnership involving Intesa Sanpaolo. Ripple confirmed on April 15 that it would provide digital asset custody services support to the Italian banking giant. The development increased speculation about broader collaboration between the two companies as institutional adoption of blockchain infrastructure continues to grow.

Additionally, Intesa Sanpaolo adjusted several crypto-related equity positions during the quarter. The bank added exposure to crypto custody company BitGo while reducing holdings connected to Bitmine and several other crypto-focused firms.

The disclosure also showed that the institution maintained investments in Coinbase, BTCS, Ethzilla, and MercadoLibre. Several of those companies remain active in blockchain services, crypto infrastructure, and digital asset trading.

Although Intesa Sanpaolo has not publicly detailed the exact strategy behind every crypto-related investment, the growing XRP exposure highlighted increasing confidence in regulated Ripple-linked financial products.

Intesa Sanpaolo’s latest portfolio update revealed rising institutional interest in XRP and regulated crypto investment products. Furthermore, the bank’s growing exposure to Bitcoin, Ethereum, and Ripple-linked assets reflected broader adoption trends across traditional finance.

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