Julius Baer will offer services with digital currencies
The launch was made according to alliances established with Seba regulated crypto specialist
The banking firm Julius Baer announced on January 21st the launch of services with digital currencies, after strengthening alliances with the encryption startup Seba Bank AG, which will serve as a bridge between digital and traditional assets.
This alliances made in February 2019, establishes that Seba will achieve the regulatory green light for its services. This shows the level of commitment that the Swiss bank feels for both the startup and the project.
According to the firm, one of the main objectives is to meet a growing demand for services in the cryptocurrency industry, especially in an area where they had no representation.
For this reason, Julius Baer will offer its clients custody services of secure digital assets as well as cryptographic transaction solutions and will also have consolidated portfolio descriptions for traditional and digital assets.
Although the company has not yet reported exactly what the assets will be, it is known that it will support a select group of cryptocurrencies – apparently – for their liquidity, security and technical soundness.
K.Villarroel
Source: thebtctimes
