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Swiss bank Julius Baer to provide digital asset services

March 4, 2019 By Crypto Reporter

Julius Baer will soon be offering its clients access to various digital money services.

Julius Baer, one of top Swiss private banks, plans to offer its customers digital asset services. The decision comes after the bank signed a partnership agreement with SEBA Crypto AG, a financial start-up headquartered in Zug.

The partnership should come into effect upon the granting of banking and securities dealer licence to SEBA by Swiss regulator FINMA. Julius Baer will then provide storage, transaction and investment solutions for digital assets.

“At Julius Baer, we are convinced that digital assets will become a legitimate sustainable asset class of an investor’s portfolio,” said Peter Gerlach, Head Markets at Julius Baer and proposed member to the Board of Directors of SEBA.

The new product range is expected to come about in the second quarter of 2019. Julius Baer acquired a share in SEBA Crypto AG last year. The bank’s total assets under management in 2018 amounted to $381.6 billion.

More news:

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    June 23, 2021
  • Foreign visitors to China will be able to use the digital yuan without a local bank account
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  • Texas to allow state banks to provide cryptocurrency custody to clients
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    June 15, 2021
  • US oldest bank BNY Mellon adopts bitcoin
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    February 19, 2021
  • Ripple partners with the National Bank of Egypt
    Ripple partners with the National Bank of Egypt
    May 26, 2021
  • PayPal expands cryptocurrency services to the UK
    PayPal expands cryptocurrency services to the UK
    August 28, 2021

Filed Under: General News, News Tagged With: cryptocurrency, Julius Baer, news

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