Santander Eyes Expansion in Digital Assets: New Opportunities in European Banking

European banks are increasingly embracing digital assets as a growing area of interest. Banco Santander SA, a prominent Spanish financial institution, is exploring expansion into this space, according to sources familiar with the matter. The bank plans to launch a stablecoin and provide cryptocurrency services to retail customers through its digital banking platform, as reported by BlockBeats. llowing that the initial plans for these operations are still in development, and details remain private due to confidentiality concerns. One source revealed that Santander’s subsidiary, Openbank, has filed for necessary licenses under the latest EU regulatory framework to begin offering crypto services to retail clients.