One of the largest Swiss Banks, Julius Baer. has entered into a partnership for cryptocurrency assets with Switzerland-based SEBA Crypto AG, according to the official announcement.
SEBA is considered to be a pioneer in the fintech industry, building a progressive technological bridge between the traditional financial and the crypto industry.
Alongside the new partnership, Julius Baer plans to extend its service range providing storage, transaction and investment solutions for digital assets, the announcement states.
Head Markets at Julius Baer, Peter Gerlach, says the investment into SEBA is evidence of Julius Baer’s engagement in the area of crypto assets.
"At Julius Baer, we are convinced that digital assets will become a legitimate sustainable asset class of an investor’s portfolio," said Gerlach.
Earlier, Brazil’s largest financial institution, Banco BTG Pactual SA, announced plans regarding the attraction of $15 million for its own security token — ReitBZ.
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