Swiss Bank Julius Baer Goes Crypto

Swiss Bank Julius Baer Goes Crypto

Major Swiss bank Julius Baer reached an agreement with SEBA Crypto AG to provide clients with access to a new digital asset service that will include storage, transaction and investment solutions.

In a recent tweet, the Julius Baer official account posted that “the collaboration with SEBA Crypto AG to provide its clients with access to a range of new digital asset services.”

This move has made Julius Baer as the fourth major financial group to enter the crypto market after Fidelity, Nasdaq and the ICE. 
Julius Baer invested in SEBA back in 2018, and now both companies will work to build technological bridges “between the traditional and the digital asset worlds,” as the official press release said.

SEBA was founded in April 2018 to work as a Fintech startup that develops software to connect both conventional and crypto assets while adapting necessities to current regulations.

The agreement is still subject to the approval of the FINMA banking and securities dealer license to SEBA. Guido Buehler, CEO of SEBA, said that his company “will enable easy and safe access to the crypto world in a fully regulated environment.”

With this agreement, Switzerland is looking to take the vanguard among the most pro-blockchain and cryptocurrencies environments in the world. 
Julius Baer and its new endeavour will provide with more legitimisation to a new industry and with more reasons to cryptocurrencies and blockchain investors to put their money in Fintech projects.  

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