Swiss private bank Julius Baer partners with crypto startup SEBA for digital asset services
Tue, 26 Feb 2019, 11:13 am UTC
Founded in 2018, SEBA aims to become a fully licensed and supervised crypto bank, offering industry-leading crypto-asset financial products and services.
Through this partnership, Julius Baer will leverage SEBA’s innovative platform and capabilities in order to provide its clients with leading-edge solutions in the area of digital assets to meet increasing demand. It said that it plans to extend its service range providing storage, transaction and investment solutions for digital assets.
“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,” Peter Gerlach, Head Markets at Julius Baer and proposed member to the Board of Directors of SEBA, said.
According to the official announcement, the partnership will come into effect once SEBA receives the FINMA banking and securities dealer licence.
“We are very proud to have Julius Baer as an investor. SEBA will enable easy and safe access to the crypto world in a fully regulated environment. The cooperation between SEBA and Julius Baer will undoubtedly create value for the mutual benefit and to the clients,” Guido Buehler, CEO SEBA, added.
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