One of the largest private banks in Switzerland, Julius Baer will begin to provide its customers with services associated with digital money, says RBC Crypto. For this, the company has entered into a partnership with startup SEBA Crypto AG. New services will start to work once the blockchain-the project will receive a banking license in the Office for the supervision of financial markets in Switzerland (FINMA).
“Julius Baer believes that digital assets will become a full and sustainable asset class for investment portfolios,” — said the head of the Bank on markets Peter Gerlach.
The launch of new products expected in the second quarter of 2019. Last year, Julius Baer acquired a stake in a startup SEBA Crypto AG. The reserve assets managed by the Bank in 2018 was approximately $381,6 billion.
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