On Wednesday LGT Bank, the largest family-owned bank in the world, announced that it had selected SEBA Bank to offer cryptocurrency custody and brokerage services for clients. LGT will offer investments in bitcoins and ethereum, and customers can integrate the digital assets into existing portfolios managed by LGT Bank.
LGT Bank Partners with the FINMA Licensed SEBA Bank
to Offer Crypto Services
The largest family-owned private bank and asset management company LGT Group announced that its parent company’s bank institution will now offer cryptocurrency investment opportunities. LGT Group is over 100 years old and the financial institution is owned by the princely House of Liechtenstein.
On May 4th, SEBA ,, a licensed digital assets bank platform by FINMA, announced that LGT had chosen SEBA to be its cryptocurrency partner. LGT will use SEBA’s crypto platform and custody services to allow clients to invest in crypto assets. Roland Matt, CEO of LGT Bank Liechtenstein, stated that there has been an increase in demand from customers for crypto products.
” The demand for cryptocurrency has increased among our clients over the past few years,” said the LGT CEO in a statement released Wednesday. “We are pleased to now be able to offer easy access for our clients to this asset class. We paid special attention to security and focused on clear, reliable procedures when developing our new offering.
The family-owned private bank executive added
They are central for dealing with this dynamic and still quite young asset class. Our clients’ digital assets are now in the care of SEBA Bank thanks to their cooperation.
LGT to Initially Offer Bitcoin and Ethereum Investments
LGT and its clients will leverage “SEBA Bank’s ISAE 3402 certified hot and cold storage custody solutions” and the bank will initially allow investments in bitcoin (BTC) and ethereum (ETH). The crypto investment opportunity will initially be available to “selected clients groups” selected by LGT.
The bank also notes that crypto service customers must be based in Liechtenstein and Switzerland. Franz Bergmuller, the CEO of SEBA Bank, explained on Wednesday that SEBA looks forward to working with LGT Bank.
” The wide range of services, combined with the highest security standards, makes SEBA Bank’s service offering exceptional. We are pleased to be able support LGT with expertise in expanding its services around the digital assets,” Bergmuller stated during the announcement.
This story contains tags
100 years old, banks, Digital Assets, family-owned, family-owned bank, financial institution, Franz Bergmuller, Investments, LGT Bank, LGT Bank Bitcoin, LGT Bank Ethereum, LGT Group, Liechtenstein, princely House of Liechtenstein, private bank, SEBA Bank, Switzerland
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Jamie Redman
Jamie Redman, a journalist and financial tech expert living in Florida, is the News Lead at Bitcoin.com News. Redman has been an active member of the cryptocurrency community since 2011. Redman is passionate about Bitcoin, open-source codes, and decentralized applications. Since September 2015, Redman has written more than 5,000 articles for Bitcoin.com News about the disruptive protocols emerging today.
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