The Swiss have embraced the crypto space and are now in the forefront of global innovation and management of of all things digital. Just ask anyone and they will tell you that Zug is crypto world center. Now, one of the largest private banks in Switzerland (Julius Baer) is entering the world of crypto banking. Entering into a partnership with Zug based (where else) SEBA Crypto AG (bank) will allow Julius Baer to offer digital asset storage, investment solutions and transactions in the digital sector. A partial quote from Pete Gerlach (Head of Markets at Julius Baer);
“At Julius Baer, we are convinced that digital assets will become a legitimate sustainable asset class of an investor’s portfolio. The investment into SEBA as well as our strong partnership are proof of Julius Baer’s engagement in the area of digital assets and our dedication to make pioneering innovation available to the benefit of our clients.”
Maybe the very savvy folks in Switzerland have noticed that digital assets, particularly digital gold, are THE future. A bit more below.
Bill Taylor/Fintek Capital
“In combination with an equity investment in SEBA Crypto AG (SEBA), Julius Baer is pleased to announce the collaboration with SEBA to provide its clients with access to a range of new digital asset services.
Zurich, 26 February 2019 – Following an early-stage minority equity investment in 2018, Julius Baer has agreed on a close collaboration with Switzerland-based SEBA Crypto AG. Founded in April 2018 and headquartered in Zug, SEBA is a pioneer in the financial industry, building a progressive technological bridge between the traditional and the digital asset worlds. SEBA is expected to be one of the first start-ups in the crypto space to close the regulatory gap between conventional and digital assets.
Julius Baer will enter into a partnership with SEBA to take advantage of their innovative platform and capabilities in order to provide Julius Baer clients with leading-edge solutions in the area of digital assets to meet an increasing demand. Through this partnership, which will come into effect upon the granting of the FINMA banking and securities dealer licence to SEBA, Julius Baer plans to extend its service range providing storage, transaction and investment solutions for digital assets…”