Yesterday Italian tokenization startup BlockInvest announced a €4 million investment from UniCredit representing a 16% shareholding. One of BlockInvest’s early investors was Credit Agricole Italia, and it also received venture capital backing in 2024.
UniCredit is one of the most geographically diversified pan-European banks, with major presences in Italy, Germany and Austria as well as several Central and Eastern European jurisdictions. This collaboration will help it to roll out tokenization capabilities across its network. Alongside its tokenized assets work, UniCredit is participating in two digital money initiatives: Germany’s CBMT tokenized deposit project and the Qivalis multibank stablecoin.
“We are facing a paradigm shift where technological innovation is no longer an ancillary element, but the very backbone of the market,” said Lorenzo Rigatti, CEO and Co-founder of BlockInvest. “This strategic partnership allows us to integrate our solutions into the workflows of one of the leading European banks, transforming our vision into a consolidated market standard ready to scale… one block at a time.”
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