LGT Bank, the financial institution owned by the Liechtenstein Dynasty and part of the world’s largest family-owned banking group, offers its private customers, firstly in Switzerland and Liechtenstein. cryptocurrency Provide custody and brokerage services.
Switzerland-based digital asset service provider SEBA Bank has announced that it will offer crypto services to LGT’s private banking and wealth management group. SEBA Bank currently manages 280 billion Swiss Francs.
LGT Bank to Launch Cryptocurrency Services First with Bitcoin and Ethereum
Responding to the growing demand among its wealthy customers, LGT initially Bitcoin (BTC) and Ethereum (ETH) will provide investment services for According to Mathias Schütz, SEBA’s head of customer and technology solutions, the bank is also in talks about adding more coin variety and opportunities to earn yields through staking.
Mathias Schütz said in his statement:
“LGT will first start with reservation centers for customers in Liechtenstein. Further expansion will be observed in the coming months.”
In addition to SEBA Bank Switzerland, it is known to work in Singapore, where LGT, which has a reservation center, is also active after ABN AMRO Asia acquired private banking operations in Asia and the Middle East in 2016.
Schütz said LGT is in demand to offer its crypto services in Singapore and other regions as well. LGT also has a representative office in Dubai, United Arab Emirates, and these regions are thought to be among the countries where crypto services are provided.
*Not investment advice.