“Can a MiCAR-regulated, multi-signature custody stack become the default white-label crypto rail for Italian and European incumbent banks?”
Founded 2015 in San Francisco as a Bitcoin wallet company, Conio became the first in Italy to ship a multi-signature (2-of-3) Bitcoin wallet, giving it a defensible security story. Strategic investment from Poste Italiane and Banca Generali pivoted the company from a pure consumer app into a white-label digital-asset infrastructure provider for Italian banks and financial institutions. Today the company runs three parallel businesses — a MiCAR-regulated retail wallet with 450k+ customers, an integrated white-label crypto stack for banks (Conio Custody + Conio Trading), and a non-MiCAR tokenization platform for Real World Assets serving corporate partnerships (Enel, Ferrari). The 2025 MiCAR license cements its position as one of the few EU-regulated CASPs able to sell into regulated banking channels.
Conio moves money over SEPA.
Conio's crypto products run on Conio (self-operated) and Conio (in-house multi-signature 2-of-3).
The Embedded Finance Index 2026 maps 2 layers in Conio's stack: Money movement (SEPA); Crypto (Conio (self-operated) and Conio (in-house multi-signature 2-of-3)).
Conio was founded by Christian Miccoli and Vincenzo Di Nicola and is founded in 2015, headquartered in San Francisco, CA (Conio Inc.) / Milan, Italy (Conio S.r.l.).
Conio has raised $3M+ (Series A2, 2018) — additional strategic investment from Poste Italiane and Banca Generali in total (latest round: Series A2, 2018; valuation: $40M+ (post-Series A2, 2018)).
Get a read on where your own stack stands against Conio and the rest of its category — what they built versus bought, which providers they use, and where the gaps in your own strategy and competitive set actually are.