#crypto-services

[rwatimes]

Alfa-Bank is testing crypto as Russia’s banking race heats up

Alfa-Bank plans crypto custody and trading services as Russia’s new digital asset rules push major banks into regulated crypto services now.

➤ Alfa-Bank is preparing to offer crypto custody and trading services in Russia, following new digital asset regulations. ➤ The bank aims to establish a digital depository and integrate crypto services into its investment app, with a potential retail launch in late 2026. ➤ Other major Russian banks like Sberbank, T-Bank, and VTB are also developing similar regulated crypto offerings, indicating a broader trend in the Russian banking sector.

[rwatimes]

Banca Sella Completes MiCA Clearance to Launch Regulated Italian Crypto Services - FinanceFeeds

➤ Banca Sella has become the first bank in Italy to receive formal clearance under the EU's MiCA regulation to offer regulated crypto services. ➤ The bank will focus on institutional custody and plans to launch an institutional, euro-denominated stablecoin as a founding member of the Qivalis consortium. ➤ This move signifies a significant shift for traditional European financial institutions towards integrating public blockchain technology and regulated digital asset offerings.

[rwatimes]

Italy’s Banca Sella Gets MiCA Approval for Crypto Services

➤ Banca Sella has received MiCA approval from the Bank of Italy to offer crypto-asset services, including custody and transfer of digital assets. ➤ This approval positions Banca Sella as the first bank in Italy authorized under MiCA, signaling a regulated entry for the Italian banking sector into digital assets. ➤ The bank's move aligns with broader European trends towards licensed custody and stablecoin infrastructure, building on previous DLT pilots and its involvement in the Qivalis stablecoin project.

[rwatimes]

Galaxy Wins New York BitLicense for Institutional Crypto Services

➤ Galaxy Digital has secured a New York BitLicense and money transmitter approval for its GalaxyOne Prime NY unit, enabling it to offer regulated crypto services to institutional clients in the state. ➤ This regulatory milestone, considered one of the most stringent in the US, expands Galaxy's reach into a key financial hub and aims to broaden institutional access to digital assets. ➤ The approval comes as Galaxy navigates a volatile market, with the company also expanding its data center business for future growth.

[rwatimes]

Bakkt Shifts to Stablecoin Infrastructure as Q1 Revenue Drops 77%

Bakkt reports a first-quarter 2026 net loss as revenue from crypto services contracts sharply. The digital-asset platform posted a net loss attributable to Bakkt of $11.7 million, or 41 cents per basic and diluted share, for the quarter ended March 31, compared with a net income ...

➤ Bakkt reported a significant 77% year-over-year drop in Q1 2026 revenue from crypto services, leading to a net loss, and is pivoting its strategy towards stablecoin payments and AI-enabled financial infrastructure. ➤ The company acquired Distributed Technologies Research and signed an MoU with Zoth to build out its stablecoin payment capabilities, aiming for regulated, scalable digital-asset rails for mainstream payments. ➤ Despite the revenue decline, Bakkt maintains a solid cash position and no long-term debt, positioning itself to invest in its strategic shift amidst evolving regulatory landscapes and broader industry trends in stablecoin infrastructure.