Julius Baer, with $382 Billion under management, plans to offer access to digital assets through a partnership with Swiss start-up SEBA Crypto in the latest move into cryptocurrencies by a Swiss private bank.
Julius Baer markets head, Peter Gerlach, said: “We are convinced that digital assets will become a legitimate sustainable asset class of an investor’s portfolio”.
This announcement is just another sign of traditional banks offering Digital asset services as their clients are asking how they can get involved in this sector, helping this new asset class to be more widely accepted. This follows the announcement of the JPMorgan Coin, and follows in the footsteps of Fidelity International and Goldman Sachs, both of which offer Crypto custody services to its clients. It's unlikely to be long until we see more institutions getting involved….
A Major Swiss Bank Just Enabled Clients Access to Cryptocurrencies