Julius Baer, a financial services and wealth management institution based in Switzerland, has launched a new service that gives its many customers access to trading digital currencies and custodial services as well. The new features are made possible in partnership with crypto-forward Seba Bank AG.
The company’s announcement published on Tuesday does not include a lot of details about the new offerings or how they will work. However, the announcement suggests that the new offering will be largely powered by SEBA’s platform.
Furthermore, the bank says that a few digital assets have been chosen for some specific features they possess. However, no names were mentioned.
“Julius Baer has extended its service range and as of now includes digital assets offering such as secure storage and transaction solutions, but also consolidated portfolio overviews across both conventional and digital assets. The Bank is able to offer access to a select group of cryptocurrencies, chosen for their tradability, safety, and technical reliability.”
SEBA is a Swiss-based bank fully licensed by Swiss financial regulator FINMA. The bank was founded back in April 2018 and is focused on providing its customers with an easy way to connect traditional and digital assets. SEBA supports BTC, ETH, XLM, LTC, and ETC.
While FINMA is supportive of the industry, it has previously cracked down on ICOs.
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