What Conio does

Conio is an Italian fintech company founded in 2015, headquartered in Milan with a US subsidiary in San Francisco, that provides digital asset custody, trading, and tokenization infrastructure to both retail consumers and institutional clients. The company builds its services on a proprietary 2-of-3 multi-signature wallet architecture, where two of three private keys (user, Conio, and a third offline custodian) are required to authorize transactions, and a patented fund recovery system enables access restoration in case of key loss. Conio's product portfolio is split between a consumer-facing mobile application (Conio App) serving 450,000+ retail users with buy, sell, and conversion of Bitcoin and other cryptocurrencies, and a B2B platform (Conio Business) comprising Conio Custody for regulated institutions, Conio Wealth for family offices and HNW investors, and Conio Tokenization for enterprise Web3 use cases.

Conio makes money through multiple revenue streams: transaction-based fees on the retail app (0.99% on crypto purchases and sales, 2% on card deposits, fixed fees on bank transfers), trading spreads of up to 4% on crypto-to-crypto conversions, recurring annual institutional custody fees (e.g., 0.5% per annum billed quarterly for Banca Generali clients), and white-label licensing to banking partners. The company is backed by strategic Italian financial investors including Poste Italiane, Banca Generali, Banca Sella, and Banca Finint, and operates under MiCAR CASP authorization granted by Consob and the Bank of Italy in June 2026, which provides passporting rights across all 27 EU member states. Notable tokenization initiatives include the ebitts utility token with Enel (renewable energy) and the Ferrari Hyperclub digital token for the MyFerrari app, signaling expansion beyond financial services into real-world asset tokenization.

Name

Conio

Legal name

Conio S.r.l.

Website

https://conio.com

Company type

Private

Founded year

2015

Operating status

Operating

Headcount range

11–50 employees

Short description

Conio is an Italian fintech founded in 2015 that provides multi-signature digital asset custody, trading, and tokenization solutions to retail consumers, banks, and enterprises, with white-label integrations powering crypto services for major Italian financial institutions under MiCAR CASP authorization.

Ownership category

akta.pro rank

Product category

Digital Asset Custody

NAICS

Financial Transactions Processing, Reserve, and Clearinghouse Activities (522320), Securities and Commodity Exchanges (52321)

SIC

Security & Commodity Brokers, Dealers, Exchanges & Services (6200), Security Brokers, Dealers & Flotation Companies (6211)

akta.pro primary industry

Crypto Custody & Exchange Wallet Services (Integrated) (FSADAAAG)

akta.pro secondary industries

Digital Asset/Crypto Trade Execution Platforms (FSAFANAO), Crypto Payments & Stablecoin Settlement Platforms (BPAMAFAL), Tokenized Bank Deposit & Commercial Bank Money Issuers (FSADADAB)

Keywords

• Digital asset custody
• Cryptocurrency wallet
• White-label crypto
• Asset tokenization
• Blockchain infrastructure

Headquarters

HQ city

San Francisco

HQ country

United States

HQ region

North America

Offices2 records

Markets served

GTM type

B2B and B2C

Offering type

Software

Cost components

Technology or R&D, Personnel, Operations, Marketing or Sales, Infrastructure, Others

Revenue model

1. Transaction Fees (Retail): Conio charges 0.99% fee on cryptocurrency purchases and sales with minimum fees ranging from €1 to €30 depending on transaction type. This represents the primary revenue stream from retail consumers using the Conio mobile application.
2. Crypto Trading Spread: Revenue generated from the bid-ask spread on cryptocurrency conversions, with spreads up to 4% on certain trading pairs, contributing to overall transaction-based revenue.
3. Payment Processing Fees: Fees charged for deposit and withdrawal methods including 2% fee (minimum €1) for debit/credit card deposits, €1 fee (minimum €50) for bank transfer deposits, and €2 fee (minimum €3) for bank transfer withdrawals.
4. White-Label Licensing: Revenue from licensing Conio's proprietary wallet technology and infrastructure to banking and fintech partners (Hype, Banca Sella, Banca Generali) for white-label deployment to their customer bases.
5. Institutional Custody Fees: Annual custody charges for institutional clients, exemplified by Banca Generali's 0.5% annual fee with quarterly billing, tiered between €3.75 and €625 minimums, for premium digital asset custody services.

Pricing tiers

Go-to-market motion3 records

Distribution channels3 records

Marketing channels6 records

Core offering

Conio provides a multi-signature cryptocurrency wallet platform that enables retail consumers and financial institutions to buy, sell, transfer, and securely custody digital assets such as Bitcoin, Ethereum, and other cryptocurrencies. The company offers a consumer mobile wallet app with a patented fund recovery system, plus a modular B2B platform (Conio Business) for banks, fintechs, and enterprises featuring white-label custody, wealth management integration, and Web 3.0 tokenization infrastructure. All services operate under EU MiCAR regulatory authorization as a licensed Crypto-Asset Service Provider.

Product overview

Conio is an Italian fintech company offering a multi-layered digital asset services platform comprising consumer and institutional products. The core offering includes the Conio App for retail cryptocurrency trading with a proprietary 2-of-3 multi-signature Bitcoin wallet, complemented by Conio Prime for high-volume OTC trading. For institutional clients, Conio Business provides a modular B2B platform with three key solutions: Conio Custody for regulated digital asset custody, Conio Wealth for wealth management, and Conio Tokenization for Web 3.0 use cases. The company also operates specialized tokenization projects including ebitts (renewable energy tokens with Enel) and the Ferrari Hyperclub token. White-label integrations power crypto services for Hype and Banca Generali banking apps. All services operate under MiCAR regulatory compliance for the EU market.

Differentiator

Problem solved

Functional benefit

Brands

• Conio Business: B2B solution offering custody, trading, and tokenization of digital assets dedicated to banks, financial institutions, and enterprises.
• Conio Prime
• Conio Custody
• Conio Wealth
• Conio Tokenization

Products and services

• Conio App (Bitcoin and Crypto Wallet) Mobile cryptocurrency wallet enabling users to buy, sell, transfer, and securely store Bitcoin and other digital assets (Ethereum, Cardano, Litecoin, Dogecoin). Features a 2-of-3 multi-signature security system with patented fund recovery capabilities and on-chain Bitcoin transactions, with a 'convert' feature for exchanging cryptocurrencies without executing fiat positions.
• Conio Prime Premium OTC trading service allowing unlimited Bitcoin purchases and sales through a dedicated WhatsApp communication channel with Conio's team, targeting high-volume investors.
• Conio Business B2B digital asset infrastructure platform providing white-label custody, trading, and tokenization solutions to banks, financial institutions, and enterprises seeking to integrate regulated crypto services. Operates under MiCAR CASP authorization.
• Conio Custody Digital asset custody and trading platform for regulated financial institutions. Combines advanced encryption, multi-signature technology, and multiple authentication procedures to protect institutional digital assets.
• Conio Wealth Wealth management module for Family Offices, sophisticated investors, and private clients enabling self-management of digital assets with dedicated communication channels and personalized transaction support.
• Conio Tokenization Web 3.0 tokenization module enabling businesses to create and manage digital tokens for use cases such as loyalty programs, NFTs, and custom token economies for enterprise customers.
• ebitts (Renewable Energy Token) World's first Utility Token linked to energy bills, developed in partnership with Enel. Token Box system allows users to purchase digital shares of Italian solar and wind energy plants, with produced energy deducted from household electricity bills.

Quantifiable outcome

• 450,000+ retail customers served through consumer application
• +1 more outcomes

Named customers3 records

Segments4 records

Ideal customer profiles4 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature4 records

Partnerships

Four partnerships are on record, tiered flagship and core.

• HypeflagshipTechnology or IntegrationItalian digital bank (joint venture between Banca Sella and Poste Italiane) integrated Conio's white-label cryptocurrency wallet technology, enabling Hype to offer Bitcoin and Ethereum services to its banking customers through its mobile application.
• Banca SellaflagshipTechnology or IntegrationItalian banking institution partnered with Conio for white-label cryptocurrency wallet integration, allowing Banca Sella to offer digital asset services through its digital banking platforms.
• FerrariflagshipStrategic or Co-development PartnerIconic Italian luxury sports car manufacturer partnered with Conio for tokenization initiatives, exploring blockchain-based digital collectibles and tokenized experiences associated with the Ferrari brand.
• EnelcoreStrategic or Co-development PartnerMajor Italian multinational energy company collaborated with Conio on the ebitts (European Blockchain Insurance and Tokenization System) project for tokenization of energy-related assets and services.

Scale indicators3 records

Recent moves6 records

Expansion highlights6 records

Direct peers

• Fireblocks: Fireblocks is a leading institutional digital asset custody and transfer infrastructure provider serving banks, fintechs, and trading firms. Direct competitor to Conio's Conio Custody and Conio Wealth modules in the bank-white-label segment, particularly in Europe.
• BitGo: BitGo is a long-standing institutional cryptocurrency custody and wallet provider with qualified custody services for banks and large institutions. Competes with Conio's custody stack in EU bank RFPs and offers overlapping multi-sig and cold storage technology.
• Anchorage Digital: Anchorage Digital is a federally chartered digital asset bank providing institutional custody, trading, and staking services. Direct competitor in the regulated institutional custody space that Conio is targeting with its MiCAR CASP authorization.
• Taurus: Taurus is a Swiss-based digital asset infrastructure platform providing custody and tokenization services to European banks and financial institutions. Closely comparable to Conio Business on bank-grade custody and tokenization, and a direct competitor in EU MiCAR-era bank partnerships.
• Metaco (Ripple): Metaco, now part of Ripple, provides institutional-grade custody and tokenization infrastructure specifically designed for banks and regulated financial institutions. Directly comparable to Conio Business's white-label custody proposition for European banks.
• BCB Group: BCB Group is a UK-based regulated payments and custody services provider for the digital asset economy, serving institutional clients across Europe. Directly comparable to Conio Business in the institutional crypto services space.

Broad incumbents

• Coinbase Custody: Coinbase Custody is the institutional digital asset custody arm of Coinbase, one of the largest publicly traded crypto companies. Broader incumbent with deeper liquidity and asset coverage that competes with Conio Custody for large institutional mandates.
• Gemini Custody: Gemini's custody service provides regulated institutional cold storage for digital assets under NYDFS oversight. A larger incumbent competing for the same regulated institutional client pool as Conio Custody in Western markets.

Regional players

• Young Platform: Young Platform is an Italian-headquartered cryptocurrency exchange and wallet provider, regulated in Italy and Europe. Comparable as a regional Italian crypto player, though focused more on retail trading than institutional custody like Conio.

Emerging players

• Ledger Enterprise: Ledger Enterprise extends the well-known consumer hardware wallet brand into institutional custody and asset management services. Comparable to Conio on wallet security DNA, though Ledger's institutional offering is still building scale relative to dedicated custody specialists.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• Xx.com/conio
• YouTubeyoutube.com/c/Conio
• LinkedInlinkedin.com/company/conio
• Instagraminstagram.com/conio

Compliance2 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles4 records

Funding overview

Funding rounds4 records

Investors4 records

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Conio