Digital investment platform Bitpanda and Italian banking solution provider Fabrick have partnered to facilitate access to digital assets trading for the end-customers of Italian traditional banks and fintechs.
The partnership will allow Fabrick’s customers access to a portfolio of more than 170 digital assets through access to Bitpanda’s White Label solution.
Bitpanda’s White Label solution enables both established and new clients to offer their customers access to digital assets such as cryptocurrencies, fractional stocks, exchange-traded funds as well as custody services.
The White Label solution allows customers to research an asset via Bitpanda's tools to invest in it. The solution also offers portfolio monitoring and future asset trading options.
Fabrick, the first company to utilise Bitpanda’s White Label solution, will connect its services to Bitpanda’s technology through a set of application programming interfaces.
The trading process takes place within the Bitpanda associate’s native mobile banking app under Fabrick’s existing branding, while Bitpanda executes the trades and establishes the custody of the assets in the background.
Established in 2014, Bitpanda is headquartered in Austria, but has recently opened a new office in Milan and looks to expand the local team.
Orlando Merone, country manager of Bitpanda Italy, says: “We are delighted to announce our strategic partnership with Fabrick, which will accelerate the digital transformation of the Italian banking ecosystem, enabling both established and innovative players to offer their clients digital assets, as well as custody and wallet services.”
Paolo Zaccardi, co-founder and CEO of Fabrick, comments: “Fabrick is proud to partner with a trusted operator such as Bitpanda and consequently make a truly innovative and accessible investment service available in Italy through our open finance ecosystem.”
