Julius Baer, which shines as one of the oldest and largest multinational banks in Switzerland, has announced the launch of digital assets offering for its clients booked in the Swiss territory. The banking institution has unveiled its new product in a joint effort through its partnership with SEBA Bank AG, a FINMA-licensed banking entity.
According to the official announcement, Julius Baer will enrich its customers with a suit of digital assets services aided through the highly innovative and revolutionary operational competence of SEBA. Julius Baer entered into a strategic partnership with SEBA Bank in February last year. The integration between the two renowned banking entities was focused towards making available and accessible a new range of digital services for the wide customer base.
Later, in August 2019, SEBA was bestowed upon with a license by the financial watchdog, FINMA. This crucial license made SEBA stand tall as one of the first crypto banks in Switzerland. Since its inception in April 2018, SEBA Bank allows its customers to enjoy a seamless, secure, reliable, and user-friendly interface facilitating digital transactions.
Julius Baer offers a wide range of products and services to its customers ranging from secure storage of assets, transaction services, consolidated portfolio overviews for traditional as well as virtual assets. The banking giant will facilitate access to a selective group of virtual currencies based on their safety, reliability, and popularity in the marketspace. Julius Baer is a leading Swiss wealth management group that offers financial tools and services to clients spread across the different geographical domains.