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.
Author
Tanya Abrosimova
Independent Analyst
