The swiss bank that is private is stepping up its efforts to become a formidable world player in the crypto industry. Now, Julius Baer, one of the largest and oldest Swiss private banks, and SEBA Crypto AG are joining forces to offer their clients a range of digital asset services, in a environment that is fully regulated
Major Swiss Banks Adopting Cryptocurrencies
The Julius Baer team is partnering with SEBA to answer its customers demands that are’ growing crypto asset services. According to the announcement on ****************************************************), 2019,( february*********)
Julius Baer will come into a partnership with SEBA to make use of their revolutionary platform and abilities to be able to offer Julius Baer customers with leading-edge solutions in the region of electronic assets to meet up with an demand that is increasing
Julius Baer is very happy to announce the collaboration with SEBA Crypto AG to supply access to a range to its clients of new digital asset services. Https***************************************************)s that is://t.co/5ADODyL @WeAreSEBA
— Julius Baer (@juliusbaer) February 26, 2019
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At the statement, Peter Gerlach, Head Markets at Julius Baer, remarked,
At Julius Baer, we have been convinced that electronic assets becomes the best, sustainable asset course of a investor’s profile. The investment into SEBA in addition to our partnership that is strong is of Julius Baer’s engagement in the region of electronic assets and our commitment in order to make pioneering innovation offered to the main benefit of our customers.
Julius Baer’s move follows the trend set by other swiss banks that are private. In August 2017, Maerki Baumann Private Bank announced that it would be cryptocurrencies that are accepting. And, Falcon bank currently permits crypto that is direct, while its blockchain facilitates investments in Bitcoin, Bitcoin money, Ether, and Litecoin.
Moreover, Switzerland’s stock market Six is supplying a cryptocurrency that is bitcoin-heavy for quite a while now and preparing its very own safety token offering (STO) later this present year.
Bridging the Gap Between Fiat and Cryptocurrencies
SEBA, headquartered in Zug, Switzerland, aims “to build a FINMA supervised and progressive technological bridge between the traditional and the crypto worlds.”
SEBA is petitioning the Financial that is swiss Market Authority (FINMA) for the banking permit.
The partnership with Julius Baer takes impact whenever SEBA obtains a securities dealer and banking permit from FINMA.
Thus, besides supplying a platform for storage space, deal and trading solutions for electronic assets, SEBA will make sure that these solutions are going to be delivered inside the FINMA framework that is regulatory. In this respect, Guido Buehler, CEO SEBA, underlines,
We are proud to possess Julius Baer being an investor. SEBA will allow effortless and safe usage of the crypto globe in a environment that is fully regulated. The cooperation between SEBA and Julius Baer will undoubtedly create value for the benefit that is mutual towards the customers.
How do you consider Julius Bair along with other major Swiss banking institutions’ ventures to the crypto area will influence value that is bitcoin’s? Tell us into the opinions below!
Images due to Twitter/@Juliusbaier, Shutterstock
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