Trillion-Dollar Italian Bank Moves To XRP, But How Much Have They Bought?

XRP is back in focus following reports of exposure from Italy’s largest banking group. The disclosure, highlighted by crypto analyst @Xfinancebull on X, reveals a position tied to the Grayscale XRP Trust, which has drawn renewed attention across the market as investors assess the scale and implications of the holding.

The $18 Million Position Making Waves

According to recent reports, Italian banking heavyweight Intesa Sanpaolo, a financial institution managing roughly $1.1 trillion in assets, expanded its cryptocurrency exposure substantially between late 2025 and the first quarter of 2026.

Verified figures show that the institution’s crypto-related holdings climbed from approximately $100 million in the fourth quarter of 2025 to nearly $235 million by the end of March 2026. Within that expansion was a newly established position tied to the cryptocurrency through the Grayscale XRP Trust.

As of March 31, the bank held 712,319 shares of the Grayscale XRP Trust, a position valued at around $18 million. This makes it one of the most notable institutional allocations disclosed by a major European bank this year.

The exposure was not obtained through direct purchases of tokens on exchanges. Instead, the bank gained access through Grayscale’s investment trust product, which allows institutions to participate in XRP-related investments through regulated financial vehicles. That distinction matters because many traditional financial institutions still prefer regulated exposure routes instead of directly holding crypto assets on-chain.

The move immediately drew attention across the community, especially because it arrived during a period when parts of the market remained uncertain about short-term price direction. @Xfinancebull referenced the development as evidence that large institutions continue positioning themselves despite ongoing volatility in the broader crypto market.

XRP Is Part Of A Bigger Crypto Strategy