Swiss bank Julius Baer to provide bitcoin and crypto services

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Last Updated on May 19, 2022 by Bitfinsider

Julius Baer Group, a Zurich-based private bank, has stated that it is developing a proprietary digital wealth management system centered on bitcoin and other cryptocurrencies for high-net-worth individuals.

While admitting the volatility of the space, the private bank stated its goal of positioning itself at the junction where bitcoin and other cryptocurrencies meet the fiat world. Julius Baer intends to keep a close eye on the burgeoning asset class, tracking its development and any possibilities that may arise.

“It paved the way for the emergence of a new sector that indeed transformed our lives; I believe digital assets and decentralized finance hold that same potential,” Rickenbacher reportedly mentioned.

Julius Baer has invested in SEBA Crypto AG, one of Switzerland’s only two fully regulated crypto banks. Julius Baer stated that they were confident that bitcoin and other cryptocurrencies would become a “legitimate sustainable asset class of an investor’s portfolio” while investing in SEBA in 2019.

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