Conio secures MiCAR authorization from Italy's Consob and Bank of Italy, becoming one of the few authorized crypto-asset service providers ahead of the July 2026 deadline.
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Italy-based fintech Conio has secured authorization to operate as a crypto-asset service provider under the European Union’s MiCAR framework. The licence was granted after a regulatory review involving Italy’s market watchdog Consob and the Bank of Italy.
The licence covers custody and transfer of digital assets, plus placement services. Conio plans to serve retail investors, institutions including banks, and fintech firms. It also intends to offer white-label support for tokenization and digital asset management projects.
“Obtaining MiCAR authorization in Italy is an important milestone that confirms the strength of our approach and our commitment to offering innovative, secure and fully compliant services,” a translated statement from Conio read.
Chief Executive Officer Christian Miccoli said the authorization strengthens Conio’s efforts to act as a partner for institutions that want to incorporate digital assets into regulated investment offerings. He added that the company will continue participating in blockchain and tokenization projects.
The EU’s MiCAR transition period ends July 1, 2026. Firms without the required authorization by that date may no longer provide covered crypto services to customers in the bloc. The European Securities and Markets Authority has said that operating without a MiCAR licence after the deadline would put firms in breach of EU law. ESMA also advised providers to prepare wind-down plans and help customers move assets to authorized firms or self-custody wallets.
Legal firm Hogan Lovells said Europe had more than 3,000 virtual asset service providers in 2024. By May 2026, only 194 crypto-asset service providers, including credit institutions, had obtained MiCAR authorization. The firm estimated that about 75% of the pre-MiCAR provider base could lose registration status as national transition periods expire.
Conio’s approval positions the company to benefit from MiCAR’s passporting system, which lets licensed firms expand services across the EU after completing notification procedures. The company previously focused on crypto custody and wallet services for retail users. In July 2024, Conio partnered with fintech infrastructure provider Mesh to connect its wallet platform with major exchanges including Coinbase and Binance.
Conio, which counts Poste Italiane and Banca Generali among its backers, said more than 430,000 customers used its services in Italy.
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