Italian Crypto Firm CheckSig Raises €2.5M at €30M Valuation, Reports 136% Revenue Growth

Milan fintech surpasses €170M in assets under custody with triple-digit growth across all metrics; first Italian crypto firm to apply for MiCA authorization

CheckSig, Italy’s leading Bitcoin and cryptocurrency service provider, announced record-breaking business results and significant progress in its ongoing capital raise at Forum Banca 2025. The Milan-based fintech has secured over €2.5 million in subscriptions toward its €5 million funding round, launched in June at a €30 million pre-money valuation.

The company reported exceptional Q3 2025 performance with triple-digit year-over-year growth across all key business metrics, positioning itself as one of Europe’s fastest-growing regulated crypto platforms.

Record Growth Outpaces Bitcoin’s 71% Annual Gain

CheckSig’s Q3 2025 results demonstrate momentum that significantly exceeds even Bitcoin’s performance:

• Revenue: €1.3 million over the last 12 months (+136% year-over-year)
• Assets under custody: Over €170 million (+127% year-over-year)
• Trading volumes: More than €60 million annually (+117% year-over-year)
• Client base: Over 1,100 clients (+109% year-over-year)

“We have delivered on our promises with tangible results: CheckSig’s growth outpaced even Bitcoin, our natural benchmark, which closed Q3 with +71% year-over-year,” said Ferdinando Ametrano, co-founder and CEO of CheckSig. “These results confirm the strength of our business model and the trust that both clients and investors place in us and our services.”

€2.5M Raised Toward €5M Target, December Closing Expected

The capital increase, which opened in June 2025, has already attracted subscriptions exceeding €2.5 million, demonstrating strong investor confidence in CheckSig’s international expansion strategy. The round is targeting a total of €5 million with closing scheduled by December 2025.

Proceeds will fuel three strategic priorities:

• Technology development – Enhanced platform features and security infrastructure
• International expansion – Growth beyond Italy into European markets
• Marketing initiatives – Brand building and client acquisition

“These initial subscriptions, building on the success of last year’s round, confirm the growing trust of investors in our vision,” said Ametrano. “This new raise will allow us to accelerate technology development and strengthen our footprint in international markets.”

First Italian Crypto Firm to Apply for MiCA Authorization

CheckSig is leading Italy’s crypto industry in regulatory compliance. In September 2025, the company submitted an application for authorization under the EU’s Markets in Crypto-Assets (MiCA) regulation to CONSOB, Italy’s financial regulator. This positions CheckSig as the first Italian crypto asset service provider to pursue full MiCA compliance.

The company is already registered as a Virtual Asset Service Provider (VASP) under Italian regulations, demonstrating its commitment to operating within established regulatory frameworks as the European crypto industry matures.

Industry-Leading Security and Compliance Standards

CheckSig has established itself as Italy’s most regulated and transparent crypto service provider through several industry-first achievements:

Security Infrastructure:

• Multi-signature cold storage for asset protection
• Time-locked withdrawals to prevent unauthorized access
• Public blockchain-based Proof-of-Reserves since 2020 (first globally, only provider still offering it)

Insurance Coverage:

• Only crypto asset service provider in Italy with institutional insurance coverage
• Policy provided by a European insurance company rated AA by Standard & Poor’s

Regulatory Compliance:

• SOC1/SOC2 Type II attestations from Deloitte (only crypto company in Italy)
• Continuous audits by Big Four accounting firm
• Tax withholding services (sostituto d’imposta) – first and only crypto operator in Italy since 2024

Operational Transparency:

• Public Proof-of-Reserves protocol maintained since 2020
• Escrow holder services for crypto collateral in financing agreements

Academic Founder Brings Deep Crypto Expertise

Ferdinando Ametrano, CheckSig’s co-founder and CEO, brings significant academic and industry credibility to the company. He is the founder and scientific director of both the Digital Gold Institute, Italy’s leading Bitcoin think tank, and Crypto Asset Lab. Ametrano serves as an adjunct professor at multiple European universities, teaching on Bitcoin, crypto-assets, and blockchain technology.

His background spans investment banking and asset management, combining traditional finance expertise with cutting-edge crypto knowledge. CheckSig was founded in 2019 as a spin-off from the Digital Gold Institute.

The leadership team includes Michele Mandelli as Managing Partner, bringing experience from BCG and Monitor Deloitte, alongside Ferdinando Ametrano as CEPO and co-founder, and Paolo Mazzocchi, COO and co-founder.

Comprehensive Crypto Services for Private and Institutional Investors

CheckSig serves both private investors and institutional clients through its Milan and Baar, Switzerland offices. The platform offers:

Investment Services:

• Cryptocurrency custody with institutional-grade security
• Trading (buy, sell, swap) across major cryptocurrencies
• Staking services for yield generation
• Accumulation plans (dollar-cost averaging) to reduce volatility risk

Professional Services:

• Crypto-as-a-Service B2B2C infrastructure (clear.checksig.com)
• Tax compliance and reporting
• Consulting and training for institutional clients
• Escrow services for crypto-secured financing

The platform emphasizes user experience with competitive rates, robust security guarantees, and comprehensive client support.

International Expansion Strategy Targets European Markets

With offices in Milan and Baar, Switzerland, CheckSig is positioned to expand across European markets as MiCA regulation creates a harmonized framework for crypto services. The current funding round will support this expansion while maintaining the company’s high compliance and security standards.

The Swiss presence provides strategic access to one of Europe’s most crypto-friendly jurisdictions, while the Italian headquarters keeps the company rooted in Southern Europe’s growing digital asset market.