RATE Group | Major Swiss Banking Firm Julius Baer Launches Services for Cryptocurrencies
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Major Swiss Banking Firm Julius Baer Launches Services for Cryptocurrencies

09 Feb Major Swiss Banking Firm Julius Baer Launches Services for Cryptocurrencies

Posted at 10:27h in Cryptocurrency News by

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Major Swiss private banking and wealth management group Julius Baer has launched a digital assets trading and custodial service via a partnership with regulated crypto-specialist Seba.

Julius Baer announced its new digital assets offering on Jan. 21, the result of its 2018 minority equity stake acquisition and later partnership with crypto startup Seba Bank AG in February 2019. 

Seba, which was founded in April 2018 by former UBS bankers, was granted a securities dealer and banking license by the Swiss Financial Market Supervisory Authority, known as FINMA, in August 2019.

According to Julius Baer’s announcement, the firm’s entry into the cryptocurrency industry had been conditional upon Seba’s attaining the regulatory green-light for its services. 

Firm sees increasing demand for crypto services

Though details of the scope of Julius Baer’s offering remain scant, the firm’s announcement indicates it will make use of Seba’s proprietary platform and capabilities. 

To meet…

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