Julius Baer and SEBA Sign Partnership for Digital Asset Services – New Bank Gets Into Cryptocurrency

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Julius Baer and SEBA Crypto AG (SEBA) have signed a partnership to provide clients with access to a range of new digital asset services. The information was released by Julius Baer on February 26 in an official press release.

Julius Baer and SEBA Sign New Partnership

Julius Baer has recently closed a new collaboration with the Switzerland-based SEBA Crypto AG. The main intention is to provide digital asset services and bridge the space with the traditional asset world. SEBA is headquartered in Zug, Switzerland, and it has been providing financial services since April 2018.

Using the innovative capabilities developed by SEBA, Julius Baer will be leveraging its services as well. Clients will have leading-edge solutions in terms of virtual currencies and to meet increasing demand. Now, the companies are waiting for the FINMA, the regulatory entity in Switzerland, to give a banking and securities dealer licence to SEBA. Moreover, Julius Baer is planning to extend its service range providing storage, transaction and investment solutions for digital assets.

About this partnership, Peter Gerlach, Head Markets at Julius Baer, commented:

“At Julius Baer, we are convinced that digital assets will become a legitimate sustainable asset class of an investor’s portfolio. The investment into SEBA as well as our strong partnership are proof of Julius Baer’s engagement in the area of digital assets and our dedication to make pioneering innovation available to the benefit of our clients.”

The CEO of SEBA; Guido Buehler, explained that they are very proud to have Julius Baer as an investor. SEBA will be enabling safe and straightforward access to the cryptocurrency world. Additionally, the cooperation between both companies will be creating value for clients of both companies.

Julius Baer is a company that offers private banking services. The firm offers different services and solutions related to financing, wealth planning, investment advisory and many others. Now, with SEBA’s integration, they will be bridging the gap between the traditional financial world and the digital assets space.

Switzerland is the home of hundreds of companies related to virtual currencies and blockchain technology. The country has been offering a clear regulatory framework for companies. The nation attracted a large number of firms that are now operating in the so-called crypto valley.

As virtual currencies continue to expand, these services will allow new investors to have access to a fast-growing cryptocurrency market.

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