2 hours ago
The bank, which is presently the 3rd largest fiscal instauration successful Brazil, confirmed that it had recovered a spouse to participate the cryptocurrency custody business, including stablecoins. Bradesco’s caput of innovation besides indicated that the slope had an interior operation dedicated to integer assets.
Published: May 19, 2026, 2:30 AM
Key Takeaways
- Reversing its 2022 stance, Bradesco volition adjacent motorboat a crypto custody work to boost adoption.
- To legitimize the market, Renata Petrovic said the 5,300-branch slope volition adjacent connection afloat crypto custody.
- As portion of 2 interior pilots, Bradesco tested stablecoins to amended overseas commercialized markets.
Bradesco Announces Future Launch of Cryptocurrency Custody Services
Traditional fiscal institutions are rushing to supply integer asset-based fiscal services, seeking to support up with caller technologies and clasp their customers.
Bradesco, the second-largest slope successful Brazil with implicit 5,300 branches, announced past week that it volition participate the cryptocurrency custody business, enlisting an undisclosed partner.
Renata Petrovic, caput of innovation astatine the bank, revealed that the slope had internally created a operation focused connected integer assets and that these custody solutions would beryllium provided for the full cryptocurrency spectrum.
“We are preparing to person a integer plus custody business; we already person a spouse who volition enactment with us, providing broad custody for each assets, including tokens, crypto, and stablecoins,” Petrovic stated.
Explaining the dilatory gait of adoption of these caller technologies astatine Bradesco, Petrovic stated that the slope had waited until the regularisation was successful spot earlier entering the crypto business. “We didn’t get up of ourselves, but we besides didn’t autumn behind. We’ve been preparing for this infinitesimal of entering the marketplace for a agelong time,” she stressed.
While Bradesco had not publically revealed its crypto initiatives, it had been moving 2 pilots implementing blockchain solutions, including a know-your-customer (KYC) task that tokenizes idiosyncratic credentials to facilitate KYC procedures for online purchases. Another inaugural implemented the usage of stablecoins for overseas commercialized transactions, resulting successful ratio gains.
Bradesco’s announcement comes aft the slope antecedently rejected involvement successful crypto successful 2022. At that time, Bradesco CEO Octavio de Lazari Junior stated that cryptocurrencies were “investments that are not tangible and are riskier, with radical knowing astir the hazard they are taking and whitethorn want,” assessing that the integer assets marketplace was “very small.” Nonetheless, it participated successful the aviator signifier of drex, Brazil’s cardinal slope integer currency ( CBDC).
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