# Simone Mazzuca

> Simone Mazzuca is an Italian financial entrepreneur, the founder and CEO of the wider Wallex group and creator of EURST. His public work centres on connecting traditional financial services with digital assets, custody and stablecoin payments. Later regulatory warnings concerning Wallex Global and reporting on Italian investor disputes form part of the documented business history.

- **Role:** Founder and CEO at Wallex group; listed director of Wallexcustody UAB (supplied context)
- **Organizations:** Wallex group, EURST, Wallexcustody UAB, Wallex Custody Ltd. (UK; historical, dissolved)
- **Nationality:** Italian
- **Education:** Colegio Europeo de Madrid
- **Known for:** Founded Wallex group, dated to 2020 in his interviews and company descriptions., Created the EURST euro stablecoin project., Wallex Custody received the 2023 FinTech Breakthrough Cryptocurrency Innovation Award; this was a company award.

## Career timeline

- **Before 2020** — Worked in traditional financial consulting; published biographies describe private and institutional client work in Italy, the United States and the United Kingdom.
- **2020** — Said in a March 2021 interview that he established Wallex Trust and Wallex Custody in January 2020.
- **2021** — Promoted EURST and explained Wallex’s intended role connecting banking and digital assets.
- **2021** — Appointed director and secretary of the separately incorporated UK Wallex Custody Ltd. on 28 July.
- **2022** — Discussed retail spending plans, stablecoin regulation and institutional applications in interviews.
- **2023** — Wallex Custody received the FinTech Breakthrough Cryptocurrency Innovation Award.
- **2024** — British Columbia Securities Commission issued a warning about Wallex Global on 29 July.
- **2026** — Italian reporting covered Fidea investor complaints involving Wallex and a reported appeal-court decision upholding Wllx’s judicial liquidation.

## Achievements

- Founded Wallex group, dated to 2020 in his interviews and company descriptions.
- Created the EURST euro stablecoin project.
- Wallex Custody received the 2023 FinTech Breakthrough Cryptocurrency Innovation Award; this was a company award.

## Latest updates

- **2026-07** — Tribuna di Treviso reported on 23 July that the Venice Court of Appeal upheld judicial liquidation of Wllx, described as linked to Mazzuca; the report concerned 66 investors and nearly EUR 3 million. This is a reported corporate insolvency development, not a personal criminal conviction.
- **2026-01** — Corriere del Veneto reported Fidea investor complaints involving funds deposited through Wallex. It reported that Mazzuca’s email anticipated repayments by 31 March 2026. The prediction does not establish that repayments occurred.
- **2024-07** — BCSC warned that Wallex Global was neither recognized as an exchange nor registered as a dealer in British Columbia.

## Links

- Website: https://wallex.global/
- LinkedIn: https://uk.linkedin.com/in/simone-mazzuca-

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Profile page: https://yespress.io/simone-mazzuca
Published by YesPress — https://yespress.io
Last updated: 2026-10-26