RATE Group | Julius Baer to Launch Cryptocurrency Product
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Julius Baer to Launch Cryptocurrency Product

12 Sep Julius Baer to Launch Cryptocurrency Product

Posted at 14:39h in Cryptocurrency News by

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Reports this Wednesday suggest that the Julius Baer Group is launching its first cryptocurrency product. The asset manager, one of the oldest banking institutions in Switzerland, is arguably the largest asset manager now offering a cryptocurrency product.

Company documents indicate that the asset manager is using Block Asset Management to aid it in its product launch. Block Asset Management is a cryptocurrency investment management firm.

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A document allegedly released by Julius Bear, covering the asset manager’s cryptocurrency product

The product will not be subject to authorisation by the Swiss Financial Market Supervisory Authority (FINMA). As such, anyone investing in the cryptocurrency product will not be protected by Swiss investor protection laws and will be exposed to any credit risk Julius Baer undertakes.

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Julius Baer will be issuing up to 20,000 of the products. A company document seen by Finance Magnates…

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