Julius Baer, one of the largest private banks in Switzerland recently announced that company is now providing its esteemed clientele access to cryptocurrencies. The bank also mentioned that it will be using the dynamic platform of SEBA to provide access to crypto assets and also meet the increasing demands for digital assets.
SEBA is a sought after name in the financial industry and is actively helping organizations burn the bridge between the traditional and digital asset world. After Fidelity, Nasdaq and ICE, Julius Baer is the fourth major financial giant to make entry in the cryptocurrency market. As per the statement , the bank is awaiting the grant of FINMA banking and securities dealer license.
SEBA CEO Guido Buehler expressed his enthusiasm towards the partnership and said,
The deal with Julius Baer will likely increase the number of financial institutions collaborating with SEBA to integrate cryptocurrencies in their platform.
Said SEBA chairman Andreas Amschwand.
Switzerland has always been a step ahead with blockchain development and cryptocurrency adoption. Other nations wholeheartedly supporting cryptocurrency and blockchain include Japan, U.S., South Korea, Malta, and Singapore.
Julius Bär Group AG also known as Julius Baer, is headquartered in Zürich. Also, it is one of the oldest and largest Swiss banking institutions. It was established as a private bank and was named after Swiss banker Julius Bär. It offers services in more than 20 countries and is known for offering bank-client confidentiality.
As per the official site, the shares of the Julius Baer Group are listed on the SIX Swiss Exchange. Furthermore, they form a part of the Swiss Market Index and are included in the list of 20 largest and most liquid Swiss stocks.
As per SEBA’s official website, it seeks to become one of the world’s first licensed and supervised universal crypto banks. SEBA plans to bring crypto and Blockchain products and services to the global market. It will achieve this goal by providing a practical and fully licensed and supervised banking solution. Moreover, it will offer regulated crypto and traditional financial market products and services for private and institutional investors alike.