Switzerland’s 5th largest bank, St. Wales Kantonalbank (SGKB) has launched its services for 2 cryptocurrencies by partnering with Switzerland-based cryptocurrency bank SEBA Bank.
Kantonalbank started offering custody and trading services for Bitcoin (BTC) and Ethereum (ETH) to its customers. In order to provide this service in a safe and healthy way, SGKB Bank Switzerland based cryptocurrency bank SEBA Bench Agreed with.
SGKB emphasized that it is open to expanding its services for more cryptocurrencies depending on customer demand. In the statement made by the bank, SEBA 2023 of the year at the beginning signed a contract and had a brief pilot your program It was stated that they were then put into practice.
St. Wales is one of 24 Swiss cantonal banks that are partly subordinate to the Swiss federal government. Being a public bank, St. Wales offers a variety of financial services such as deposit banking, lending, investment banking and insurance.
Making a statement about the development, EBA Bank B2B and Custody Solutions President Christian Bieristated that he was satisfied with the agreement reached with the following statements:
We are delighted to be able to support St.Wales Kantonalbank with our expertise in expanding its cryptocurrency services. St.Wales Kantonalbank and SEBA signed the agreement earlier this year, after a short implementation project SGKB has now started offering access to cryptocurrencies to a select group of customers. Bitcoin and Ethereum will be the first step, and other cryptocurrencies will follow shortly.