Julius Baer jumps the crypto bandwagon
|- The largest private bank in Switzerland will offer crypto services to its customers
- The bank will use SEBA platform.
Julius Baer seems to be ready to join a company of Fidelity, Nasdaq, and ICE that embraced cryptocurrency related services earlier this year. According to the official statement posted by the bank, it is going to provide its clients with access to digital assets related shrives through the partnership with SEBA Crypto AG.
"Julius Baer is pleased to announce the collaboration with SEBA Crypto AG to provide its clients with access to a range of new digital asset services,” the company announced on Twitter.
SEBA is s Swiss-based cryptocurrency focused bank that raised financing to the tune $100 million. The recent disclosure made by the company shows that Julius Baer was one of the platform’s investors.
Pressed by the growing demand, Julius Baer will use SEBA’s platform to provide assess to digital assets to its customers as soon as the parties obtain the license from FINMA banking and securities dealer license.
Peter Gerlach, Head Markets at Julius Baer commented:
At Julius Baer, we are convinced that digital assets will become a legitimate, sustainable asset class of an investor’s portfolio. The investment into SEBA as well as our strong partnership is proof of Julius Baer’s engagement in the area of digital assets and our dedication to making pioneering innovation available to the benefit of our clients.
Peter Gerlach is also proposed as a Board Director in SEBA.
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.